Symantec dips on profit-taking - Analysis - 16-04-2018

Symantec's stock (SYMC) fell in the intraday levels, recording a loss of 0.29% in the last session, or 0.08 points, as traders collect recent short-term gains, while the stock vents off overbought saturation in the RSI, gathering momentum to help it rise anew, while getting buoyed by a positive pattern that formed in the short term, the Rising Wedge pattern, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, as long as the support of 26.99 holds on, targeting the resistance of 29.65.