DELL INC
(DELL-NYSE):
Technical Viewpoint: From a low
of $33.85 on Oct 26, 2004 prices
rallied, reaching a
high of $37.80
on Nov 9, 2004. A
decline saw prices pull back, reaching a
low of
$36.76 on Nov 10, 2004.
Another rally saw prices penetrate
resistance, closing 11/12/04
at $40.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 14, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 12, 2004. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! DELL INC
(DELL-NYSE) @ $40.63 Stop: Use a protective stop of $38.63.
DELL INC is currently trading @ $40.44 plus $3.19 on Nov 12, 2004. Price Objective:
$53.50. Risk/Reward: $2.00 VS. $12.87. Today's Risk Reward Ratio: 6:1
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