Symantec pierces upside trend line - Analysis - 18-01-2018

Symantec's stock (SYMC) fell in the intraday levels, recording a fresh loss of 1.26% in the last session, or 0.35 points, and piercing the upside medium-term trend line as shown in the attached chart, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA, in addition to a noticeable rise in trading volumes. 

Therefore we expect more losses for the stock, as long as it settles below 27.93, targeting the support of 25.72.