September 30, 2010
Shares of Dell Inc (NASDAQ: DELL) have been lagging the major indexes for some time. But on Wednesday, September 29 they rose over 2% and closed above their September highs.
The gains came on a day when the company announced it will soon launch a 7-inch tablet computer that will on Google’s Android operating system.
This puts Dell in competition with Apple in one of the hottest new technologies.
How high can Dell go?
Certainly to the $13.75 level, a 5.7% gain. A decisive close above $15.75 would be another breakout, above Dell’s July rally high, and point to considerably higher highs ahead.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy does not currently hold a position in Dell Inc.
Disclosure: The Fibtimer.com (www.fibtimer.com) Stock Timing Strategy does not currently hold a position in Dell Inc.