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Symantec Corporation (SYMC) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Software: Prepackaged Software
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 16 Nov 2017Bullish EngulfingHammerTue, 24 Oct 2017-12.61%
***Stock database and scans are updated around midnight (New York time) every trading day.
28.28 0.00 (0%) Nov 16 4:00pm EST
Open: 27.61 Range: 27.60 - 28.43 Vol: 5.03M Avg Vol: 6.14M
EPS: -0.61 P/E ratio: 0.00 EBITDA: 714.00M Mkt Cap: 19.92B
Analyze "SYMC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 28.08
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 30.27
Last Trade is below the 50 day moving average at 31.80
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 30.34
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SYMC

Stock Trend Analysis - Buy, Sell or Hold "Symantec Corporation" (SYMC)?

Although SYMC is currently trading below its 200 day moving average, it is prudent to note that in the last 52 weeks, SYMC has been trading above the 200 day moving average for 94% of the time with an average daily volume of 6.1M shares changing hands. This could portend a sustained reversal in trend, or just a slight bump in the road prior to resuming its bullish bias.The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however on a slight bearish bias, otherwise, it is also indicating range bound trading. Objectively, as long as SYMC is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 30.34. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SYMC".

The analyst consensus estimates for the 1 year price target for this stock is $33.08* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 16 Nov 2017
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