Dell (DELL) NewsBite - Hapoalim Initiates Coverage With Buy Rating

Posted: Wednesday, October 07, 2009 11:46 AM EDT

Dell (NasdaqNM: DELL) opened at $15.42. So far today, the stock has hit a low of $15.31 and a high of $15.56. DELL is now trading at $15.46, down $.05 (-0.32%). The stock hit its 52-Week high of $17.26 in August and set its 52-Week low of $7.84 in February. Hapoalim initiated coverage on the stock today with a Buy rating citing it expects the company's margins to expand and that it offers a good value at its current level. Technical indicators for the stock are neutral and S&P gives DELL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DELL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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