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TMCNet:  Next Support Level for Dell (DELL) is $10.38

[December 13, 2012]

Next Support Level for Dell (DELL) is $10.38

Dec 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Dell (NASDAQ:DELL) opened today below their pivot of $10.62 and have already reached the first level of support at $10.47. Should the shares continue to fall, the support pivots of $10.38 and $10.14 will be of interest.

Over the past year, Dell has traded in a range of $8.69 to $18.36 and is now at $10.58, 22% above that low. The 200-day and 50-day moving averages have moved 0.62% lower and 0.37% lower over the past week, respectively.

There is potential upside of 12.8% for shares of Dell based on a current price of $10.58 and an average consensus analyst price target of $11.94. The stock should hit resistance at its 200-day moving average (MA) of $13.06, as well as support at its 50-day MA of $9.67.

SmarTrend is monitoring the recent change of momentum in Dell. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dell in search of a potential trend change.

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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