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Dell a Star in Struggling Tech Sector

Dell Inc. (NASDAQ: DELL ) - One of the leading computer makers, Dell was in a bear market starting in July 2005. But in December 2010, the stock's chart took a turn for the better by penetrating the bear market's resistance line, and then it broke through the 20-day, 50-day and 200-day moving averages. Since then, the stock has traded within a very orderly bull channel with support at the 50-day moving average.

Despite heavy selling in the technology sector, Dell has held its own. S&P has the stock rated as a "four-star buy" with a target of $19. This matches the trading target, which will most likely be met before October. Buy Dell on a pullback to its support line at $15.

Trade of the Day - Dell Inc. (NASDAQ: DELL)Trade of the Day Chart Key

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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