TMCnet News
Dell Rises 1.61% on Heavy Volume: Watch For Potential PullbackJan 29, 2013 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $12.80 to a high of $13.48. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $13.29 on volume of 77.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. 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 $13.25, 52% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 2.1%. SmarTrend recommended that subscribers consider buying shares of Dell on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.70. Since that recommendation, shares of Dell have risen 21.9%. We continue to monitor DELL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 |