Symantec (SYMC) NewsBite - SYMC Hits 52-Week High

Posted: Monday, November 23, 2009 12:17 PM EDT

Symantec (NasdaqNM: SYMC) hit a new 52-Week high of $18.19 so far today. Currently the stock is up $0.29 (1.64%) to $18.01 on 3,301,078 shares traded. Today's high is up $7.95 from a 52-Week Low of $10.06. Symantec stock has been showing support around $17.39 and resistance in the $18.17 range. Technical indicators for the stock are neutral and S&P gives SYMC a neutral 3 STARS (out of 5) hold ranking. After reporting better than expected earnings last month SYMC stock has been trading strongly. The stock continues to move higher and rose to a new 52 week high earlier in the session. If you are looking for a hedged play on SYMC the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]

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