Symantec surrounded with negative signals despite gains - Analysis - 13-02-2018

Symantec's stock (SYMC) rose in the intraday levels, scoring a profit of 0.73% in the last session, or 0.19 points, amid negative pressure from the 50-day SMA, with negative signals from the RSI, settling thereafter below the resistance of 27.28, which represents the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 16.14 to 34.16). 

Therefore we expect the stock to return lower, as long as the resistance of 27.33 holds on, targeting the support of 25.23, which represents the ratio 50% of the same retracement levels.