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

Thursday, August 28, 2008 2:39 PM EDT

Symantec (NasdaqNM: SYMC) hit a new 52-Week high of $22.80 so far today. Currently the stock is up $0.68 (3.09%) to $22.68 on 13,342,987 shares traded. Today's high is up $8.14 from a 52-Week Low of $14.54. Symantec stock has been showing support around $21.39 and resistance in the $22.55 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 January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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