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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Teresa Lo who wrote (72927)10/21/1998 5:18:00 AM
From: Teresa Lo  Read Replies (1) | Respond to of 176387
 
DELL: Today's Technicals

We had mentioned on the weekend that there was resistance between $60-65 seen on the daily chart. Today, it hit resistance again just below that area and closed under the 30 day moving average at 57.588, which will now provide resistance immediately overhead. It has broken an uptrend line on increasing volume, which is normally a bearish sign for the near term.

On the 60 minute intraday chart, the moving average is supplying resistance overhead as well at 56.940. Support is seen at $51 and $50. There has been a large divergence in moment vs. price since last week, indicating that the move up was vulnerable.