Dell (DELL) NewsBite - DELL Is On the Move

Posted: Thursday, October 15, 2009 10:36 AM EDT

Dell (DELL) appears to be on the move today and is now at $15.41, down $0.22 (-1.41%) on volume of 3,700,006 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.84 to a high of $17.26. DELL was covered in a Lee Allen report today. To read the report, and see what the release of Windows 7 could do for the tech sector, go to www.marketintelligencecenter.com/la101509 . Dell stock has been showing support around $15.38 and resistance in the $15.88 range. 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 bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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