Back on July 23 we recommended the long side of NortonLifeLock (NLOK) , writing that "NLOK looks like it is positioned to move higher from here. Traders could go long at current levels and on strength. Risk a close below $19 for now while looking for gains to the $27 area and possibly $35 longer-term." NLOK did rally into late August but stopped short of our $27 price target.
More from Investing
Consider a correction to be a buying opportunity.
At some point, the momentum and frothy traders will return, but the current action should be a solid lesson.
If the S&P 500 was acting like the majority of small-caps we would be calling this a bear market.
Here's our latest technical analysis and trading strategy on TMUS.