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TMCNet:  Watch for Shares of Dell (DELL) to Approach Resistance at $9.84

[October 08, 2012]

Watch for Shares of Dell (DELL) to Approach Resistance at $9.84

Oct 08, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Dell (NASDAQ:DELL) opened today above their pivot of $9.63 and have already reached the first level of resistance at $9.75. Analysts will be watching for a cross of the next upside pivot targets of $9.84 and $10.05.

Dell (NASDAQ:DELL) has potential upside of 54.9% based on a current price of $9.79 and analysts' consensus price target of $15.18. The stock should find initial resistance at its 50-day moving average (MA) of $11.18 and further resistance at its 200-day MA of $14.24.

In the past 52 weeks, Dell share prices have been bracketed by a low of $9.35 and a high of $18.36 and are now at $9.79, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.5%.

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 40.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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