Dell (DELL) NewsBite - DELL Could Be On the Move

Posted: Monday, June 01, 2009 10:58 AM EDT

Dell (DELL) could be on the move today and is now at $12.05, up $0.48 (4.15%) on volume of 5,716,771 shares traded. DELL was covered in a Vic Wisemann report today. To read the report, go to www.gotomic.com/vw060109 . 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 $10.99 and resistance in the $12.25 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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