SYMANTEC CORPORATION
(SYMC-Nasdaq):
Technical Viewpoint: From a low
of $61.75 on Dec 4, 2002 prices
rallied, reaching a
high of $70.45
on Dec 19, 2002. A
decline saw prices pull back, reaching a
low of
$64.17 on Jan 2, 2002.
Another rally saw prices penetrate
resistance, closing 1/9/02
at $73.25. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Dec 2, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $67.00. Resistance: Is at $81.63.
Point & Figure: Reversed to the upside on Jan 3, 2002. A P&F upside
reversal takes place at $70.00. Summary: Technical indicators have turned bullish. BUY! SYMANTEC CORPORATION
(SYMC-Nasdaq) @ $74.25 Stop: Use a protective stop of $71.40.
SYMANTEC CORPORATION is currently trading @ $73.25 plus $3.26 on Jan 9, 2002. Price Objective:
$90.00. Risk/Reward: $2.75 VS. $15.75. Today's Risk Reward Ratio: 6:1
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