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Rant & Rave Blog

This Leading Cyber Security Stock Just Had A Failed Breakout

Posted by Nicholas Santiago Tuesday, October 10, 2017, 11:55AM ET

Read 331 times

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. 

 

Check out this recent radio interview where Nick was invited to talk about the markets and what is really going on... click here

SYMC Failed Breakout
 

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