Swing Trading Strategies & Stock Picks Since 2003

Stock Pick of the Day

DELL Inc (DELL)

Closing Price: $14.29

RSI: 48

MACD: 0.05

DELL Inc. (DELL) stopped short of the market expectations in its quarterly earnings on Friday, after the market hours. The same, however, was already smelt in advance by the trader, as the stock had already come close to bracing 200 moving average of $14.29 with high volumes.

The DELL stock had earlier shown tendency of profit booking throughout the week, and looks all set to find a lower range of $11-$12. Ideally, the traders could still take short positions in company, to take away profits of $2.