Symantec (SYMC) Offering Possible 8.23% Return Over the Next 24 Calendar Days

Symantec's most recent trend suggests a bullish bias. One trading opportunity on Symantec is a Bull Put Spread using a strike $24.00 short put and a strike $19.00 long put offers a potential 8.23% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $24.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $19.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Symantec is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Symantec is bullish.

The RSI indicator is at 60.33 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Symantec

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SYMANTEC CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Wed, 22 Oct 2014 20:34:33 GMT

Symantec to Host 2014 Annual Stockholder Meeting
Tue, 21 Oct 2014 20:30:00 GMT
Business Wire – Symantec Corp. today announced that it will host its annual stockholder meeting at the company's headquarters in Mountain View, Calif. on Tuesday, Oct. 28, 2014, at 9 a.m.

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