Last updated on April 24, 2014 at 12:48 EDT

Today’s Technical View on Symantec, Check Point Software Technologies, Sourcefire, and KEYW Holding

March 11, 2013

LONDON, March 11, 2013 /PRNewswire/ –

Job growth data provided positive impetus to the market as unemployment hit a 4-year
low point. While all sectors showed improvement, Technology sector also surged with NASDAQ
closing up 0.38 percent at 3,244.37. The Dollar also made good moves and closed higher
against the Yen. The Dow Jones ended its latest session at 14,397.07, up 0.47 percent.
Similarly, S&P finished on a bullish note at 1,551.18, up 0.45 percent. Our research team
took a look at Technology sector, more specifically the Security Software & Services which
include major companies like Symantec Corporation (NASDAQ: SYMC), Check Point Software
Technologies Ltd. (NASDAQ: CHKP), Sourcefire Inc. (NASDAQ: FIRE) and Wave Systems Corp.
(NASDA:WAVX). StockCall initiated free in-depth technical analysis on SYMC, CHKP, FIRE,
and WAVX which are currently available upon sign up at


Symantec Corp. is currently in a bullish mode as the stock ended Friday’s trading
session at $24.57, down 0.39 percent. The stock traded in the range of $24.49 and $24.91
during the session. Its first support level is at $24.30 and upon breaching this level,
the stock may go down to $23.68 level. On the upside, Symantec’s stock may touch $24.95
level. The stock has traded in the range of $13.06 and $24.91 in the past 52 weeks and it
grew by 38.58 percent during the same time period. On a Year-to-Date basis, the stock is
up 30.55 percent. The Security Software & Services company traded 8.26 million shares, in
comparison to its usual volume of 8.95 million shares. Sign up for the free technical
analysis on SYMC at


Despite the upward move shown by broad market indices, Check Point Software
Technologies Ltd’s stock finished 0.04 percent lower at $51.23, with volume up from daily
average of 1.72 million to 1.94 million. The company’s stock is up in 2013 so far with its
Year-to-Date gain at 7.54 percent. However, the stock currently shows a bullish trend
which is further confirmed by the stock’s MACD chart. The company has its first support
level at $50.22. In the coming trading sessions, the stock is likely to go as high as
$52.71. Download the free report on CHKP by registering at


Sourcefire Inc.’s stock was up in Friday’s trading session. The stock closed 2.89
percent higher at $57.94 with 1.04 million share volume. With the significant upward move,
the stock is up more than 22 percent for the year. In the past 52 weeks, Sourcefire is up
19.96 percent. The stock currently has support at $56.14 level. The stock’s MACD chart
shows a bullish trend. The company may face its first resistance level at $58.35. Upon
breaching this level, the stock may go as high as $58.70. The free report on FIRE can be
downloaded by signing up now at


Shares of Wave Systems Corp. ended flat in its latest trading session. The stock
closed at $0.830 on below average volume of 120,000 on Friday. Wave Systems’ shares have
gained more than 15 percent this year, outperforming the broad market. It has support at
$0.80. Despite the flat closing, the company’s shares are still trading below their 20-day
and 50-day moving averages. The stock’s MACD is also trading below the signal line and the
zero-line. Both of these are bearish signals. Free report on WAVX can be accessed by
registering at


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SOURCE StockCall.com

Source: PR Newswire