Let's review the charts and indicators to see how they look after the company's "on and off company acquisition news".
In this daily bar chart of SYMC, below, we can see how prices gapped higher in early July and then recently gapped lower as the deal with Broadcom (AVGO) was on and then off. Prices have held so far above the rising 50-day moving average line and rising 200-day line.
The daily On-Balance-Volume (OBV) line is bullish but the Moving Average Convergence Divergence (MACD) oscillator is crossing to the downside for a take profits sell signal.
In this weekly bar chart of SYMC, below, we can see a broadening pattern the past 12 months as prices oscillated in a wider and wider pattern.
In the wild 1920's when there were pool operators manipulating stocks this pattern was considered a sign of accumulation. Today we can see that prices are above the rising 40-week moving average line.
The weekly OBV line is bullish and so is the MACD oscillator.
In this long-term Point and Figure chart of SYMC, below, we have no price gaps and a potential upside price target of $42.50.
Bottom line strategy: I will leave the boardroom drama to someone else but right now I would agree with Jim that the charts are more positive than negative.