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Dell Falls 2.64% on Heavy Volume: Watch For Potential Rebound
[February 04, 2013]

Dell Falls 2.64% on Heavy Volume: Watch For Potential Rebound


Feb 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $13.04 to a high of $13.59. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $13.16 on volume of 43.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

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 $13.27, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 3.7%.

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 27.4%. 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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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