Symantec touches SMA resistance - Analysis - 17-08-2018

Symantec's stock surged in the intraday levels, touching the resistance of the 50-day SMA, while venting off oversold saturation in the RSI, and correcting the main downward trend, as the stock traded alongside the line of that trend as shown in the attached chart, scoring a handsome profit of 4.64% in the last session, or 0.86 points. 

Therefore we expect the stock to return lower, especially if it settled back below 20.00, targeting the support of 17.81.