Friday, May 07, 2010

Dell Inc. (DELL) - Key Level To Watch

Above is a daily chart of Dell Inc. (DELL) with about  18 months worth of price data. The big level to watch for is the trendline that you see drawn in red. As long as DELL is able to stay above this line, the uptrend will still be intact from a technical point of view. However if the stock does manage to post 2 consecutive close below the trendline, that would confirm (in my opinion) that the uptrend has been broken.

The trendline comes in at around $14., so this level will be a key level to watch for. Dell Inc. (DELL) is holding up rather well but with so much selling taking place in the stock market right now, it will be quite challenging for this stock to hold its ground.

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