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TMCNet:  SmarTrend Watching for Potential Rebound in Shares of Dell After 1.88% Loss

[November 02, 2012]

SmarTrend Watching for Potential Rebound in Shares of Dell After 1.88% Loss

Nov 02, 2012 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $9.11 to a high of $9.36. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $9.18 on volume of 17.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

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 42.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Dell has traded in a range of $9.00 to $18.36 and is now at $9.15, 2% above that low. The 200-day and 50-day moving averages have moved 0.24% lower and 0.58% lower over the past week, respectively.

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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