Symantec resumes decline - Analysis - 19-10-2018

Symantec's stock returned lower to settle below 20.09 again, leaning thereafter on the support of the 50-day SMA and recording a final loss of 2.92%, or 0.60 points, while trading within a descending price channel that guided recent medium-term trading, countered with positive signals from the RSI. 

Therefore we expect more losses for the stock, as long as it settles below 20.09, targeting the support of 17.81. 

Expected trend for today: Bearish