Saturday, May 11, 2019 2:01:52 PM
Compensated Awareness Post View
Disclaimer
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.
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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