Dell (DELL) NewsBite - DELL Is On the Move

Posted: Tuesday, May 26, 2009 10:33 AM EDT

Dell (DELL) appears to be on the move today and is now at $10.99, up $0.14 (1.29%) on volume of 4,022,713 shares traded. DELL was covered in a Vic Wisemann report today. To read the report, and find out what it takes to profit if we get a double-dip recession, go to www.marketintelligencecenter.com/vw052609 . 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 $10.46 and resistance in the $11.26 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 an August out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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