Shares of Dell Inc (NASDAQ: DELL) Likely
Headed Lower Says Market Timer Frank Kollar
July 13, 2010 (FinancialWire) (By Frank Kollar)
Shares of Dell Inc (NASDAQ: DELL) have been declining
since mid-April 2010. During that time frame they have
had two failed rallies with each rally high being lower
than the previous one. The first on May 13 and the second
on June 17.
This sets up a declining trend resistance line (drawn
a line through the highs) and unless Dell can break above
it, the odds favor lower lows ahead. One Monday July 12
Dell touched that line, currently at about $13.05, and
pulled back to close at $12.84.
Dell reached lows well below its December 2009 to February
2010 last week. Those lows held declines for four months.
These lows are now broken.
Dell’s recent July 6 intra-day low, at $11.72 a
share, is just a fraction below its July 14, 2009 correction
low at $11.84. It closed just above that 2009 low. If Dell
closes below $11.84 a share in coming days it will be at
a new trading low since back in July 2009.
The odds are Dell shares will see post lower lows ahead.
Dell needs to close above $14.06 a share to have a chance
of a continued advance.
The Fibtimer.com (http://www.fibtimer.com)
Stock Timing Strategy does not currently hold 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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