Dell (DELL) NewsBite - DELL Upgraded By AmTech Research

Posted: Friday, March 13, 2009 12:59 PM EDT

Dell (DELL) was upgraded today by analysts at AmTech Research and the stock is now at $9.34, down $0.10 (-1.06%) on volume of 17,350,634 shares traded. The analysts upped Dell to Neutral from Sell. 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 $8.57 and resistance in the $9.91 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 bull-put credit spread below the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]

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