Dell (DELL) NewsBite - Microsoft (MSFT) Earnings Give DELL Hope

Posted: Friday, October 23, 2009 10:09 AM EDT

Dell (NasdaqNM: DELL) opened at $15.89. So far today, the stock has hit a low of $15.83 and a high of $16.04. DELL is now trading at $15.92, up $0.49 (3.18%). Over the last 52 weeks the stock has ranged from a low of $7.84 to a high of $17.26. Shares of DELL are getting a lift from an earnings report from Microsoft (MSFT) this morning. The software maker reported a third-quarter profit and sales that easily beat analysts' forecasts, helped by rising sales of Windows bundled with PC shipments. This could be a good sign for computer makers like Dell. 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 bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]

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