DELL COMPUTER CO
(DELL-Nasdaq):
Technical Viewpoint: From a low
of $35 3/4 on Jul 1, 1999 prices
rallied, reaching a
high of $44 5/8
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$37.56 on Aug 5, 1999.
Another rally saw prices penetrate
resistance, closing 8/31/99
at $48.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at $49.00.
Point & Figure: Reversed to the upside on Aug 11, 1999. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! DELL COMPUTER CO
(DELL-Nasdaq) @ $49 1/8 Stop: Use a protective stop of $46 1/2.
DELL COMPUTER CO is currently trading @ $48.81 plus $2 1/2 on Aug 31, 1999. Price Objective:
$66 1/4. Risk/Reward: $2 5/8 VS. $17 1/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66 1/4
Risk/Reward:
$2 5/8 VS. $17 1/8
Risk/Reward Ratio:
6:1
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