Symantec tries to vent off oversold saturation - Analysis - 26-05-2017

Economies.com
2017-05-26 12:48PM UTC

Symantec's stock (SYMC) rose in the intraday levels, scoring a profit of 0.27% in the last session, or 0.08 points, amid negative pressure from the 50-day SMA, as the stock vents off the oversold saturation in relative power indicators, while trading within an ascending medium-term price channel. 

 

Therefore we expect the stock to return lower, especially if it settles back below 29.90, targeting the support of 28.22. 

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