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TMCNet:  Watch for Dell to Potentially Pullback After Gaining 1.78% Yesterday

[March 06, 2013]

Watch for Dell to Potentially Pullback After Gaining 1.78% Yesterday

Mar 06, 2013 (SmarTrend(R) News Watch via COMTEX) -- Dell (NASDAQ:DELL) traded in a range yesterday that spanned from a low of $13.95 to a high of $14.51. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $14.10 on volume of 59.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $14.33, which is 65% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Dell on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.70. Since that recommendation, shares of Dell have risen 31.5%. We continue to monitor DELL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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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