Dell Inc

AAA

For today's chart we've chosen to take a look at Dell Inc (NYSE:DELL) because it is testing the support near its 52-week low. As you can see from the chart below, the $19 level has propped up the price several times over the past few weeks and it will be interesting to see if this story will be able to continue. Bullish traders will watch for a bounce off the trendline and they will likely protect their positions by placing a stop-loss order below $18.87.

On the other hand, we believe that the bears will wait for a move below the support level before betting on a continuation of the downtrend. This stock will likely remain on the radar of many technical traders because the short-term direction will become clear once the price tests the strength of the support.



You May Also Like

Related Analysis
  1. Stock Analysis

    JP Morgan Rolls Out New Emerging Market ETF - ETF News And Commentary

  2. Investing

    This Retail Stock's Price Is Set To Double

  3. Stock Analysis

    Bear of the Day: EOG Resources (EOG) - Bear of the Day

  4. Stock Analysis

    A.M. Best Rates W.R. Berkley Corp. with a Stable Outlook - Analyst Blog

  5. Stock Analysis

    BP and Synchrony Financial Agree on Credit Program Launch - Analyst Blog

Trading Center