Symantec (SYMC) NewsBite - SYMC Is On the Move

Posted: Monday, November 02, 2009 10:35 AM EDT

Symantec (SYMC) appears to be on the move today and is now at $17.47, down $0.10 (-0.56%) on volume of 2,407,894 shares traded. Over the last 52 weeks the stock has ranged from a low of $10.05 to a high of $18.17. SYMC was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw110209 . Symantec stock has been showing support around $17.22 and resistance in the $18.18 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 an April out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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