BUY! SYMANTEC CORP (SYMC) Nasdaq

  Report No. 1390    Analysis by: Harry Aloof     NOVEMBER 2, 2001

SYMANTEC CORP (SYMC-Nasdaq): Technical Viewpoint: From a low of $31.54 on Sep 27, 2001 prices rallied, reaching a high of $60.03 on Oct 25, 2001. A decline saw prices pull back, reaching a low of $53.10 on Oct 30, 2001. Another rally saw prices penetrate resistance, closing 11/1/01 at $58.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 8, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $54.00. Resistance: Is at $60.00. Point & Figure: Reversed to the upside on Nov 1, 2001. A P&F upside reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORP (SYMC-Nasdaq) @ $58.38 Stop: Use a protective stop of $55.75. SYMANTEC CORP is currently trading @ $58.06 plus $3.07 on Nov 1, 2001. Price Objective: $71.00. Risk/Reward: $2.63 VS. $12.63. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$71.00 Risk/Reward:
$2.63 VS. $12.63 Risk/Reward Ratio:
5:1
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