Dell (DELL) NewsBite - DELL Upgraded By AmTech Research

Posted: Monday, August 24, 2009 1:42 PM EDT

Dell (DELL) was upgraded today by analysts at AmTech Research and the stock is now at $14.93, up $0.44 (3.04%) on volume of 23,705,672 shares traded. The analysts upped DELL to Buy from Neutral. 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 $14.20 and resistance in the $14.90 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 November out-of-the-money bull-put credit spread below the 13 range. [ABR-Seven Summits Strategic Investments NewsBite]

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