TMCnet News
Dell (DELL) Approaches New Upside Target of $9.89Nov 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) has opened bullishly above the pivot of $9.41 today and has reached the first level of resistance at $9.72. Should the shares continue to rise, the resistance pivots of $9.89 and $10.37 will be of interest. There is potential upside of 20.1% for shares of Dell based on a current price of $9.73 and an average consensus analyst price target of $11.69. The stock should run into initial resistance at its 50-day moving average (MA) of $9.90 and subsequent resistance at its 200-day MA of $13.42. In the past 52 weeks, Dell share prices have been bracketed by a low of $8.69 and a high of $18.36 and are now at $9.73, 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.9%. 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 41.1%. 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 |