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.
Company Description
Symantec Corp. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers.
Company Description
Symantec Corp. engages in the provision of security, storage, and systems management solutions. It operates through Enterprise Security and Consumer Digital Safety segments. The Enterprise Security segment focuses on the provision of solutions to protect organizations so they can securely conduct business while leveraging new platforms and data. The Consumer Digital Safety segment provides solutions to protect information, devices, networks and the identities of consumers.