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Watch for Shares of Dell (DELL) to Approach Resistance at $9.84
[October 08, 2012]

Watch for Shares of Dell (DELL) to Approach Resistance at $9.84

Oct 08, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Dell (NASDAQ:DELL) opened today above their pivot of $9.63 and have already reached the first level of resistance at $9.75. Analysts will be watching for a cross of the next upside pivot targets of $9.84 and $10.05.

Dell (NASDAQ:DELL) has potential upside of 54.9% based on a current price of $9.79 and analysts' consensus price target of $15.18. The stock should find initial resistance at its 50-day moving average (MA) of $11.18 and further resistance at its 200-day MA of $14.24.

In the past 52 weeks, Dell share prices have been bracketed by a low of $9.35 and a high of $18.36 and are now at $9.79, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.5%.

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 40.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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