TMCnet News
Dell (DELL) Breaks Through Resistance at $12.30Jun 07, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Dell (NASDAQ:DELL) have bullishly opened above the pivot of $12.19 today and have reached the first resistance level of $12.30. Should the shares continue to rise, the resistance pivots of $12.38 and $12.57 will be of interest. Potential upside of 30.5% exists for Dell, based on a current level of $12.36 and analysts' average consensus price target of $16.12. Dell shares should first meet resistance at the 50-day moving average (MA) of $15.29 and find additional resistance at the 200-day MA of $15.71. Over the past year, Dell has traded in a range of $11.80 to $18.36 and is now at $12.36, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.2%. SmarTrend recommended that its subscribers protect gains by selling shares of Dell on April 9th, 2012 by issuing a Downtrend alert when the shares were trading at $16.22. Since that call, shares of Dell have fallen 24.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |