Above Resistance - Dell | Trading Ideas

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Above Resistance - Dell

Published on Tuesday, 17 January 2012 19:08 Written by TradersHuddle Staff

New York, January 17th (TradersHuddle.com) - Shares of Dell, Inc. (NASDAQ:DELL) closed the trading session at $16.08 just above calculated resistance at $15.96 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range

Dell Inc. (NASDAQ:DELL) designs, develops, manufactures and sells computer systems worldwide. The Company sells personal computers, servers and networking products, storage systems, mobility products, software and peripherals, and services. Dell mainly direct markets its products to corporations and consumers, and use distributors and retailers in a limited way.

Dell's stock was trading in a well defined range with support at $14.59 and resistance at $15.96, given that this range was broken traders will be closely monitoring the stock

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