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TMCNet:  Watch for Shares of Dell (DELL) to Approach Resistance at $11.10

[January 10, 2013]

Watch for Shares of Dell (DELL) to Approach Resistance at $11.10

Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Dell (NASDAQ:DELL) have bullishly opened above the pivot of $10.91 today and have reached the first resistance level of $11.01. Should the shares continue to rise, the resistance pivots of $11.10 and $11.29 will be of interest.

In the past 52 weeks, shares of Dell have traded between a low of $8.69 and a high of $18.36 and are now at $11.07, which is 27% above that low price. The 200-day and 50-day moving averages have moved 0.77% lower and 0.93% higher over the past week, respectively.

Potential upside of 6.2% exists for Dell, based on a current level of $11.07 and analysts' average consensus price target of $11.76. Dell shares should encounter resistance at the 200-day moving average (MA) of $12.00 and support at the 50-day MA of $9.97.

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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