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Look for Shares of Dell to Potentially Rebound after Yesterday's 4.75% Sell OffOct 03, 2012 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $9.38 to a high of $9.91. Yesterday, the shares fell 4.7%, which took the trading range below the 3-day low of $9.72 on volume of 34.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. In the past 52 weeks, Dell share prices have been bracketed by a current low of $9.38 and a high of $18.36 and are now at $9.43. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.1%. 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 38.9%. 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 |