Dell (DELL) NewsBite - DELL Hits 52-Week Low

Posted: Thursday, February 19, 2009 2:17 PM EDT

Dell (NasdaqNM: DELL) hit a new 52-Week low of $8.11 so far today. Currently the stock is down $0.53 (-6.13%) to $8.12 on 27,125,416 shares traded. Today's low is down $17.92 from a 52-Week high of $26.04. Dell stock has been showing support around $8.35 and resistance in the $9.11 range. 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 bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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