Symantec Corp. (SYMC) on the heels of a very strong quarter which saw profits more than triple and best analyst foreign sales estimates rose back above 70 for the first time in quite some time. The company cited a 15 percent surge in foreign sales, which accounts for 53 % of the company's overall sales as the catalyst to the strong quarter. The 70 level in FusionIQ is the level where stocks move back into bullish mode. So SYMC's move back into the greater than 70 score class for the first time bears noting.
The point and figure target on SYMC of 27.50 suggests SYMC still has plenty of upside. Given the recent strong price spike pullbacks may offer a better buying opportunity,