Dell Inc. (DELL) — This maker of desktop PCs, workstations, and notebook computers has been consolidating following a fall from more than $30 in late 2007.
But now, with the recent rise in technology stocks, Dell is acting better.
Last week, it found support and a Collins-Bollinger Reversal (CBR) buy signal at its 50-day moving average and a buy signal from the stochastic. A purchase at this level could result in a run to the 200-day moving average at $14. But, first, it must break its recent high at $10.86 made on March 25.
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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.