Dell (DELL) NewsBite - DELL Is On the Move

Posted: Thursday, May 21, 2009 10:18 AM EDT

Dell (DELL) appears to be on the move today and is now at $10.89, down $.29 (-2.59%) on volume of 4,517,097 shares traded. DELL was covered in a Lee Allen report today. To read the report, and find Lee's solution to righting the US economy, go to www.marketintelligencecenter.com/la052109 . 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 $10.87 and resistance in the $11.71 range. Technical indicators for the stock are bearish and S&P gives DELL a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on DELL the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 12 range. [ABR-Seven Summits Strategic Investments NewsBite]

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