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This Leading Cyber Security Stock Just Had A

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ITMS Member Level  Tuesday, 10/10/17 12:03:23 PM
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This Leading Cyber Security Stock Just Had A Failed Breakout

Traders and investors should note that the leading cyber security company Symantec Corp (NASDAQ:SYMC) just staged a failed breakout pattern on the charts. Recently, the stock tried to breakout above the $34.00 level on three separate occasions in September and early October only to fall below the $32.00 support area today. This pattern will usually be followed by more selling in the near term. Traders must now watch the 200-day moving average for short-term daily chart support. The better and stronger chart support area will be around the $27.50 level. This area was prior chart support in July and August 2017.



Nicholas Santiago
InTheMoneyStocks

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