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

Posted: Monday, October 19, 2009 10:30 AM EDT

Dell (DELL) could be on the move today and is now at $15.27, down $0.01 (-0.05%) on volume of 2,436,221 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 Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw101909 . Dell stock has been showing support around $14.92 and resistance in the $15.56 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 December out-of-the-money bear-call credit spread above the 17 range. [ABR-Seven Summits Strategic Investments NewsBite]

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