Symantec Pulling Back

Symantec (SYMC) has pulled back in recent sessions. Whenever a stock dips the big question is whether this is a pullback within an ongoing uptrend or is it the start of something more serious. Let's talk a look at the daily and weekly charts and our go-to indicators to see if we can answer the big question.

In this daily bar chart of SYMC, below, we can see how prices have broken below the rising 50-day moving average line and so far there has not been a return move to the underside of the line. Also, prices have broken some nearby support around $30. Volume has increased on this recent move lower and the daily On-Balance-Volume (OBV) line has turned down. In the lower panel is the 12-day momentum study which has not signaled any bullish divergence yet....153 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.