Plenty Upside Left for Dell Inc (NASDAQ: DELL) Says Market Timer Frank Kollar
June 11, 2009 (FinancialWire) (By Frank Kollar)
Shares of Dell Inc (NASDAQ: DELL) have been rising along with hopes that the economic downturn has seen its worst. Dell is up 59% from its February bear market lows.
How high can Dell go? Its prior 2005 highs, above $42 a share, are not going to be seen again for a long time, but the highs reached just before the bear market can be used to estimate the potential gains to be realized over the following several months.
The 50% retracement of the entire bear market decline for Dell is up at $16.75 a share, some 29% above current levels. The Fib 61.8% retracement, a likely target for this bull market, is at $18.87, some 46% higher.
We do not expect to reach this number without corrections along the way, but Dell is the premier computer maker and will benefit from an economic upturn. Just think of all those computers that have been aging while companies delay replacement until better times.
The Fibtimer.com (http://www.fibtimer.com) ETF Timing Strategy holds a position in Dell.
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.
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.
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