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TMCNet:  Dell (DELL) Crosses Pivot Point Resistance at $10.28

[January 02, 2013]

Dell (DELL) Crosses Pivot Point Resistance at $10.28

Jan 02, 2013 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) has opened bullishly above the pivot of $10.09 today and has reached the first level of resistance at $10.28. Investors may be interested in a cross of the next upside pivot targets of $10.42 and $10.75.

Dell share prices have moved between a 52-week high of $18.36 and a 52-week low of $8.69 and are now trading 21% above that low price at $10.48 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 0.4%.

Dell has overhead space with shares priced $10.48, or 10.2% below the average consensus analyst price target of $11.67. The stock should hit resistance at its 200-day moving average (MA) of $12.19, as well as support at its 50-day MA of $9.81.

SmarTrend is tracking the current trend status for Dell and will alert subscribers who have DELL in their portfolio or watchlist when shares have changed trend direction.

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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