TMCnet News
After Yesterday's Decline of 1.88%, Dell Offers Investors Better ValueNov 02, 2012 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $9.11 to a high of $9.36. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $9.18 on volume of 17.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. 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 42.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. In the past 52 weeks, shares of Dell have traded between a low of $9.00 and a high of $18.36 and are now at $9.15, which is 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%. 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 |