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

Monday, August 11, 2008 2:38 PM EDT

Symantec (NasdaqNM: SYMC) hit a new 52-Week high of $22.48 so far today. Currently the stock is up $.37 (1.68%) to $22.35 on 8,446,715 shares traded. Today's high is up $7.81 from a 52-Week Low of $14.54 set back in May. Symantec stock has been showing support around $21.39 and resistance in the $22.33 range. Technical indicators for the stock are neutral and S&P gives SYMC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SYMC the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (SYMC)