Symantec's stock (SYMC) rose in the intraday levels, scoring a profit of 0.44% in the last session, or 0.14 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-period SMA in the intraday levels, coupled with positive signals from the RSI.
Therefore we expect more gains for the stock, provided it settles above 32.40, targeting thereafter the pivotal resistance of 34.20.
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Pfizer's stock (PFE) fell in the intraday levels, recording a loss of 1.02% in the last session, or 0.37 points, as the stock seeks a bottom to bounce it higher anew, amid the dominance of the upward correctional trend in the medium and short terms, with positive support from the 50-day SMA.
MoreMcDonald's stock (MCD) rose in the intraday levels, scoring a profit of 0.22% in the last session, or 0.37 points, as the stock settles above 164.73, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA.
MoreIBM's stock spiked in the intraday levels, scoring a hefty profit of 8.86% in the last session, or 12.99 points, and smashing through the resistance of 155.81, which represents the ratio 38.2% of Fibonacci retracement levels for a descending wave in the short term (from 182.79 to 139.13), with positive support from the 50-day SMA, while a positive divergence starts forming in the Stochastic indicator as shown below the attached chart.
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