Symantec (SYMC) NewsBite - SYMC Slightly Lower Ahead Of Earnings

Posted: Tuesday, October 27, 2009 1:19 PM EDT

Symantec (NasdaqNM: SYMC) opened at $16.49. So far today, the stock has hit a low of $16.29 and a high of $16.59. SYMC is now trading at $16.34, down $0.11 (-0.64%). The stock hit its 52-Week high of $18.17 in May and set its 52-Week low of $10.05 in November. SYMC is trading slightly lower today ahead of tomorrow's earnings release. The company is expected to show earnings of 34 cents per share when it reports fiscal second quarter results tomorrow following the market close. 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 14 range. [ABR-Seven Summits Strategic Investments NewsBite]

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