Higher highs Ahead for Dell Inc (NASDAQ: DELL) Says Market Timer Frank Kollar

July 1, 2009 (FinancialWire) (By Frank Kollar)

Shares of Dell Inc (NASDAQ: DELL) have been moving higher in a pretty spectacular fashion. Dell is up 74% from its February bear market lows.

But how high can Dell go?

Just using the last bear market selloff for Dell, from August 2008 to February 2009, we can estimate the potential still ahead for this global computer maker.

The 50% retracement for this period is at $16.98. The Fib 61.8% retracement, a likely target for the short term, is at $19.13.

There is a good chance that Dell will reach the $19.13 level in coming months, even with the occasional market selloff along the way. As the economy recovers Dell will move much higher still, but for now a target of $19.13 is a good bet.

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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