Mid-Day Follow-Up Commentary On Selected Picks: (NASDAQ: DELL), (NYSE: PFE).
(MacReport Media Via Acquire Media NewsEdge) Dell Inc. (NASDAQ: DELL), the maker of personal computers, is amongst the biggest losers on NASDAQ today. DELL is falling after the company reported yet another disappointing quarterly result. DELL is currently down 7.53% to $8.84 on volume of 44.93 million, which is more than twice the daily average volume of 20.72 million.
DELL has been impacted by the weakness in the PC market and this is reflected in the performance of DELL shares this year. Year-to-date, the stock has fallen nearly 40%.
DELL today hit a new 52-week low of $8.69. Technical indicators for the stock suggest that the downward slide is likely to continue. The stocks MACD has just crossed the signal line on the downside, which is a strong sell signal.
Find out where DELL could be header by accessing the free trend analysis report here: http://www.wallstreetreport.net/market-scan/ symbol=DELL
Pfizer Inc. (NYSE: PFE), a research-based global biopharmaceutical company, is marginally higher in mid-day trading today. The stock is currently trading 0.68% higher at $23.82 on volume of 23.33 million. The stock hit an intra-day high of $23.88 today.
Despite the gains today, PFE is down nearly 1.5% for the week. PFE has fallen in the previous trading session, which indicates that the market sentiment is bearish on the stock. However, the bearish trend may be coming to an end as the stock has rebounded from $23.5 support level. The MACD histogram is also showing decreasing downward momentum, which is another sign that the bearish trend is coming to an end.
PFE is gaining today even as the companys once-a-day Lyric failed in epilepsy trial.
Get all the latest news and reports on PFE here: http://www.wallstreetreport.net/market-scan/ symbol=PFE
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ALEXANDER K. NEUMANN
WALL STREET REPORT
Source: Investor Alley, Inc.
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