Dell (DELL) NewsBite - DELL Covered In Lee Allen Report Today

Posted: Thursday, February 26, 2009 10:31 AM EDT

Dell (DELL) was covered in a Lee Allen Report today and the stock is now at $8.33, down $0.03 (-0.36%) on volume of 3,218,835 shares traded. To see the report, and read how retiring baby boomers will affect the market, go to http://www.iotogo.com/la022609 . Over the last 52 weeks the stock has ranged from a low of $7.84 to a high of $26.04. Dell stock has been showing support around $7.71 and resistance in the $8.79 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 an April out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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