SYMC closes higher for the 2nd day in a row
Moving higher for the 2nd day in a row, SYMC finished the week 1.83% higher at 21.67 after edging higher $0.05 (0.23%) today. Today's closing price of 21.67 marks the highest close since May 18th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Friday's trading range was $0.48 (2.19%), that's far above last trading month's daily average range of $0.35. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
While the share is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Symantec Corp.
|Close near low of period||TQ Pro Members Only|
|Bearish Intraday Reversal||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Down Close Near Low of Period||TQ Pro Members Only|
|Price broke through Technical Support S1||TQ Pro Members Only|
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