FirstAlert(tm) Daily 10/27/10: Dell Testing Resistance
***Today’s FirstAlert(tm) Daily is brought to you by ShareIntel(r) Shareholder Intelligence Services – ShareIntel(r) offers public companies the means to be completely aware of all trading activity, including that of “phantom shares” and where such shares are originating. For more information write to resources@investrend.com with “ShareIntel” in the subject line.***
- Technical Market Commentary -
October 27, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Shares of Dell, Inc. (NASDAQ: DELL) have risen some 32% since their August lows of $11.59 per share. But they are now at a critical level.
If the advance is to continue, Dell must surpass the 50% retracement level for the April to August decline, which is at $14.97 per share. Dell has come close to that level several times in the past two weeks, but each time it has pulled back.
A decisive close above $14.97 would point to higher highs in coming weeks.
There is an additional resistance level ahead at $15.57, which is the 61.8% retracement level. Should Dell surpass the current resistance level, which is obviously a difficult one for the stock after two weeks of failed attempts, it should continue through $15.57.
The prior closing high of $17.50 is the target for Dell, if manages to breakout above that level.
The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the combined NYSE, AMEX and NASDAQ 25 most actives and combined NYSE, AMEX and NASDAQ greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Go to http://www.financialwire.net/2010/09/23/vol-ldr-rsrch-21/ for today’s NYSE-AMEX-NASDAQ summary.
The FirstAlert(tm) Morning Digest lists economics calendar events, earnings announcements, financial community conferences, company presentations and more. Go to http://www.financialwire.net/2010/10/27/fa-am-digest-19/ for today’s The FirstAlert(tm) Morning Digest summary.
(Go to http://www.financialwire.net/2010/05/01/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby for more of Kollar’s commentaries.)
==========
**FirstAlert(tm) is underwritten by Investrend Communications. Today’s Investrend featured partner is ShareIntel(r) Shareholder Intelligence Services – Manage Wall Street. Don’t allow Wall Street to manage your company. Know who’s holding, buying and selling your company’s stock. Don’t “fly blind.” Know who’s buying your competitors’ stock. Don’t miss opportunities. The publicly-traded market offers great potential rewards, but those rewards don’t come easily. Today’s market landscape is tougher to navigate than ever before − and it’s simply a fact that numerous companies do not survive. That fact is even more true for lesser-capitalized and development-stage public companies. The ShareIntel(r) program provides concrete, actionable solutions that give such companies an immediate and formidable competitive advantage. Without liquidity and a properly-valued, protected share price, a public company is enjoying none of the benefits of being a public company while still having to do all the work of being a public company. That’s the bottom line: Liquidity. And a properly-valued, protected share price. ShareIntel(r) suite of solutions gives a public company what it needs to accomplish those key objectives − and to thrive, instead of just survive. For more information write to resources@investrend.com with “ShareIntel” in the subject line.
==========
FirstAlert(tm), published exclusively by FinancialWire(tm), was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend or of FinancialWire(tm).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” webpage (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Copyright © MMX, FinancialWire(tm); All rights reserved.
[ssryrsyr] [frstlrtrlts] [frstlrtdlycmmt] [cmmtry] [mrktqr] [tchnlf] [anlytcl][kllrfby] [exctrdfnd] [idxsxdi]
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.