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SYMANTEC CORP
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $38.50 on Nov 11, 2002 prices
rallied, reaching a
high of $46.19
on Nov 22, 2002. A
decline saw prices pull back, reaching a
low of
$39.51 on Dec 9, 2002.
Another rally saw prices penetrate
resistance, closing 12/18/02
at $44.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41.00. Resistance: Is at $45.13.
Point & Figure: Reversed to the upside on Dec 12, 2002. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORP
(SYMC-Nasdaq) @ $44.13 Stop: Use a protective stop of $42.13.
SYMANTEC CORP is currently trading @ $44.10 plus $0.89 on Dec 18, 2002. Price Objective:
$56.00. Risk/Reward: $2.00 VS. $11.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$56.00
Risk/Reward:
$2.00 VS. $11.88
Risk/Reward Ratio:
6:1
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