DELL COMPUTER CORP
(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
$41 7/8 on Apr 22, 1999.
Another rally saw prices penetrate
resistance, closing 4/22/99
at $41 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Apr 23, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $35 1/2. Resistance: Is at $49.00.
Point & Figure: Reversed to the upside on Apr 22, 1999. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! DELL COMPUTER CORP
(DELL-Nasdaq) @ $42 1/8 Stop: Use a protective stop of $39 1/4.
DELL COMPUTER CORP is currently trading @ $41 7/8 plus $3.44 on Apr 22, 1999. Price Objective:
$66.00. Risk/Reward: $2 7/8 VS. $23 7/8. Today's Risk Reward Ratio: 8:1
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