March 4, 2011
Shares of Dell Inc (NASDAQ: DELL) broke above resistance on February 16, but then pulled back and did not confirm the breakout.
This week shares of this international computer maker did confirm the breakout on Monday and again on Thursday with a close at $15.73.
Dell has support at $15.00 a share and traders can look for the rally to take shares to the $17.00 level in coming weeks.
At that point they would be testing highs that have remained unbroken since the bear market declines in 2008.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does not currently hold a position in Dell Inc.