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Shares of Symantec Rise Above Previous 52-Week High

Published on Fri, 02/08/2013 - 15:23
By Mallory Stone

Shares of Symantec (NASDAQ:SYMC) traded at a new 52-week high today of $22.69. Approximately 6.7 million shares have changed hands today, as compared to an average 30-day volume of 8.6 million shares.

In the past 52 weeks, Symantec share prices have been bracketed by a low of $13.06 and a high of $22.69 and are now at $22.52, 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.6%.

Symantec (NASDAQ:SYMC) has potential upside of 7.4% based on a current price of $22.52 and analysts' consensus price target of $24.19. The stock should find initial support at its 50-day moving average (MA) of $19.81 and further support at its 200-day MA of $17.35.

Symantec Corporation provides security, storage and systems management solutions to help businesses and consumers secure and manage their information. The Company offers software and services that protect, manage and control information risks related to security, data protection, storage, compliance and management.

By Mallory Stone
mstone@fnno.com

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