Stock Floating Above Moving Averages: Symantec Corporation (NASDAQ:SYMC)

Symantec Corporation (NASDAQ:SYMC)’ stock is holding above their moving averages, indicating a postitive uptrend for Technology company.

Individuals may have the tendency to make irrational investing decisions based on certain biases rather than focusing on market fundamentals. They might purchase a certain stock when the price is surging higher or when the entire stock market is in an upswing. This behavior is typically driven by the fear of missing out on possible profits that they think that everybody else is making. When the market continues to rise, they may believe that they need to get in quick before missing out completely. On the other side, investors may be too quick to sell a certain stock when it is been moving to the downside. They may be scared of further losses and the fear of uncertainty may creep in and cause unnecessary selling. 

In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average.  The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 11.48% away from its 50-day simple moving average and 10.29% away from the 200-day average. The price currently stands at $23.15.

Dedicated investors are usually on the lookout for promising stocks that have been overlooked by the investment community. They may be searching for companies that have slipped under the radar and are primed for a move higher. Some investors may do the research and locate these stocks that are infrequently in the financial news headlines and are relatively unknown by the average investor. These stocks may be smaller cap, trading on a foreign exchange, or stocks that used to be prominent that have not been part of the conversation recently. Finding these stocks may take some extra research and effort. Investors who are able to do enough digging may be able to find some great names to help support the stock portfolio.

Returns & Recommendation

The consensus analysts recommendation at this point stands at 3.00 on this stock.  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell.  The Street has a 23.77 target price on the shares for the next 12-18 months.

RSI

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 65.29 for Symantec Corporation (NASDAQ:SYMC).

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Symantec Corporation (NASDAQ:SYMC)‘s stock was 22.52%.  5.95% over the last quarter, and  24.80% for the past six months. 

Many individual investors who trade stocks are looking for the next big breakout. It can be much more exciting to be able to tell glamorous stories of picking a winning stock before everybody else was aware. Of course, this is no easy task. There are so many stocks to choose from, and hunting for undervalued stocks may take lots of time that many investors do not have. Other investors will strictly trade the big established names with the hope that consistent growth will provide stable returns to the portfolio. Understanding risks involved with picking stocks can help the investor figure out what is best for them individually. It is typically considered wise to make sure that there is proper diversification in the stock portfolio. Finding that balance to achieve long lasting portfolio health is generally what most investors attempt to accomplish when trading equities.

Over the past 50 days, Symantec Corporation stock was -3.74% off of the high and 32.86% removed from the low.  Their 52-Week High and Low are noted here.  -20.72% (High), 32.86%, (Low). 

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