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

2018-04-16 13:21:35 GMT (Economies.com)
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. 

 
 
 
  Symbol Last Change Chg.%
1.1690
0.0059
0.5094%
1.3191
0.0121
0.9243%
14.186
0.119
0.846%
71.020
2.033
2.946%
79.46
0.06
0.08%
1201.445
7.670
0.642%
 
 
News Today