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DELL COMPUTER CO
(DELL-Nasdaq):
Technical Viewpoint: From a low
of $35 3/8 on Mar 23, 1999 prices
rallied, reaching a
high of $48.98
on Apr 7, 1999. A
decline saw prices pull back, reaching a
low of
$35 3/8 on Apr 19, 1999.
Another rally saw prices penetrate
resistance, closing 5/12/99
at $43.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 11, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.00. Resistance: Is at $46.00.
Point & Figure: Reversed to the upside on May 10, 1999. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! DELL COMPUTER CO
(DELL-Nasdaq) @ $44 1/8 Stop: Use a protective stop of $41 1/2.
DELL COMPUTER CO is currently trading @ $43.94 plus $1.31 on May 12, 1999. Price Objective:
$66.00. Risk/Reward: $2 5/8 VS. $21 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2 5/8 VS. $21 7/8
Risk/Reward Ratio:
8:1
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