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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Prof who wrote (16458)10/8/1998 12:18:00 PM
From: Eric Maggard  Read Replies (2) of 120523
 
Dell Supports,

It broke through supports at 50 and 47. The next ones would be 39 and then around 35. The Dow is just starting to break and IMO should still put some downward pressure on the NASDAQ. You could get a bounce, but any sustained move will need to build a base first. Also remember that DELL is still relatively high compared to historical valuations.

Eric

P.S. Jenna, what is your view?
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