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BEARISH INTO EARNINGS. DECLINE IN REVENUE EXPECTED.

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TopMarketGainers Member Level  Saturday, 05/11/19 02:01:16 PM
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BEARISH INTO EARNINGS. DECLINE IN REVENUE EXPECTED.

Symantec had a 40% gain from the December lows and has now started to reverse on decent volume . Earnings approach with little optimism as revenue is expected to have declined. From a charting perspective the RSI has had a drastic correction and is approaching oversold territory,we are of the opinion that the gap to $21 will be filled at a minimum, so we will be short, but with a tight stop loss in place.



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