Symantec Corporation(SYMC) is in an uptrend but could lose its momentum

(29-Feb-2008) (29-Feb-2008) Symantec Corporation(SYMC) closed at 17.29, down -0.21 or -1.2 % today. Based on our analysis, Symantec Corporation(SYMC) is in an uptrend but could lose its momentum.

The closing price of Symantec Corporation(SYMC) is above its 50 day moving average of 16.75 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Symantec Corporation(SYMC) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 15-Feb-2008, about 10 trading days ago.