Dell Inc (NASDAQ: DELL) Nears Strong
Support Says Market Timer Frank Kollar
October 27, 2009 (FinancialWire) (By Frank Kollar)
Shares of computer maker Dell Inc (NASDAQ: DELL are approaching
levels which should offer strong support for this popular
computer maker.
With the exception of one trading day’s intra-day
lows, the $14.80 level has held all declines since Dell
rallied last August. This should be strong support if we
continue to see market weakness in coming days.
The 50-day moving average is now just above $14.80 a share,
offering additional support.
If the stock market reverses higher, the $16.00 level
is resistance and needs to be decisively surpassed for
this stock to make a run for the highs at $17.00 a share.
The Fibtimer.com (http://www.fibtimer.com)
Stock Timing Strategy holds a position in Dell Inc.
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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any security. Opinions are based on historical research and data believed reliable,
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