SYMC looks ready for a breakout.
After a strong Q4 report, Symantec announced a share buyback, debt repayment and interest in pursuing strategic options.
The stock is currently sitting above its 21 and 200 EMA.
With the huge May-18 gap ahead, the stock can go chase the $25.00 / $28.00 / $29.00 levels.
Keeping a loose stop on this one well below all of the...
Adobe closed on the 26/10/2012 with relatively high volumes @ 34.01 after touching the 34.10 resistance level. It's daily chart shows a clear head and shoulder pattern that could send the stock lower to the 28.00 levels.
Fundamentally the co. is fairly valued.
Adding to a long position on $LNG, higher volumes on a positive day should propel the stock to it's next resistance level @ 17.50 (~9%). Second resistance zone @ 18.90 (~18%).
Stop-Loss @ 15.05
This technical setup is backed by good fundamentals for $LNG.