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Dell (DELL) Approaches New Upside Target of $9.89
[November 26, 2012]

Dell (DELL) Approaches New Upside Target of $9.89

Nov 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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