Stocks update: Symantec bullish ahead of earnings

Symantec             ( SYMC             ) is scheduled to report earnings on Aug 11, after market close. The EPS             consensus is 43 cents per share vs. 45 year ago. A number of bullish candlestick patterns have emerged lately: Morning Star , Piercing Line and break-away gap. They suggest there is a Double Bottom formation in place, which may lead to higher prices (24,72 and 24,68). Upside potential exceeds 5%.

Symantec             Corporation is a security, backup and availability solutions. The Company’s products and services protect people and information in any digital environment from the smallest mobile device, to the enterprise data center, to cloud-based systems. The stock is down 10% YTD. It has P/E of 18.02 and forward P/E of 11.26.
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