Dell near to breakout
Friday, October 19, 2007
( Yesterday close ) Chart courtesy of stockcharts

Shares of Dell have had an interesting movement over the last weeks moving from $25.50 to $29. Presently stock looks like maybe ready to breakout the key resistance around $29.50 level, which has being a unbreakable wall since the last time that MDS was tested. Looking at the daily chart of DELL, it's clear that Bulls are controlling in the recent times and its trading in a Bull Market with its 50 dma above 200 dma. RSI and MACD are still printing also a strong confidence by investors, with RSI in Bullish area and MACD above 0 with K line also on top of D line, so in conclusion, It is very likely a break above $29.50 this time.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 1:20 PM | Permalink


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