Dude, You’re Getting Rid Of Dell?
Putting the pieces together can often result in finding some great trades.
This is what we try to do every day at TradersWire.
A good example took place and was profiled in Dell Computer
(
DELL |
Quote |
Chart |
News |
PowerRating).
12:41:56
Intraday Setup Alert
Dell Computer (DELL)
has formed an intraday double top after bouncing off its 200-day moving average.
The stock is tracing out a head-and-shoulders pattern on the daily chart. If
the 200-day moving average does not hold, it could trigger further selling.
DELL down 0.34 at 25.86.
The stock breaks down from a Slim Jim for a small gain, not a
huge move. What makes the stock interesting is the second sentence on the post.
Do we know this will happen? No, but it is definitely worth watching to see if
it does.
The Generals will often lighten up on positions once they get
below the 200-day moving average. When they do, it takes them days. The stock
has room to move to the downside, potentially. Not a lock, by any means, but
factors that certainly make it worth watching.
Have a great weekend,