Room To Rise For Dell Computer (NASDAQ: DELL) Says Market Timer Frank Kollar
July 24, 2007 (FinancialWire) (By Frank Kollar)
Dell Inc (NASDAQ: DELL), the computer giant, has been in rally mode for the past four months. How much further can it rise?
Dell will reach its first major resistance level at $30.53 a share, about 4% above Monday’s closing price. Dell is likely to top that resistance but the next level, at $33.23 is a strong Fib resistance level that is more likely to stall this advance. If Dell reverses around $33.23, expect lower prices, but a solid close above that level would result in a run at the prior $42.00 highs.
Fibtimer.com (http://www.fibtimer.com) currently has a position in Dell in its Stock Timing Strategy.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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