Dell (DELL) NewsBite - Bargain Hunters Lift DELL

Posted: Monday, February 08, 2010 10:11 AM EDT

Dell (NASDAQ: DELL) opened at $13.28. So far today, the stock has hit a low of $13.16 and a high of $13.66. DELL is now trading at $13.62, up $0.38 (2.87%). Over the last 52 weeks the stock has ranged from a low of $7.84 to a high of $17.26. Shares of DELL are rising today as bargain hunters descend on the stock. DELL had flirted with its three-month low of 12.74, set in December, last week. The stock fell as low as 12.92 on Friday, down almost 20 percent from its three-month high of 16.01. Technical indicators for the stock are neutral and S&P gives DELL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DELL the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 11 range. [ABR-Seven Summits Strategic Investments NewsBite]

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