Dell (DELL) NewsBite - Goldman Adds DELL To Conviction Buy List

Posted: Friday, July 10, 2009 10:02 AM EDT

Dell (NasdaqNM: DELL) opened at $13.32. So far today, the stock has hit a low of $13.30 and a high of $13.50. DELL is now trading at $13.30, up $0.15 (1.14%). Over the last 52 weeks the stock has ranged from a low of $7.84 to a high of $26.04. The analysts added the stock to its Conviction Buy List, citing "significant operating leverage, increasing confidence of a corporate PC upgrade cycle in 2010, and the opportunity for improved investor sentiment following 23 points of underperformance in the past year." 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 12 range. [ABR-Seven Summits Strategic Investments NewsBite]

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