Symantec climbs in volatile session - Analysis - 15-12-2017

Symantec's stock (SYMC) rose in the intraday levels, scoring a profit of 0.42% in the last session, or 0.12 points, after hitting an intraday high at 29.14, bouncing off it lower and trimming the gains, amid positive pressure from the 50-day SMA, while settling below the resistance of 29.82, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 22.77 to 34.18). 

Therefore we expect the stock to return lower, especially if it settled back below 28.48, targeting the support of 27.13, which represents the ratio 61.8% of the same retracement levels.