Monday, March 26, 2007
Chart courtesy of stockcharts
Shares of DELL rose today more 3% after an upgrade from Goldman Sachs. Goldman's analysts upgraded their rating to buy from neutral, saying it sees "numerous catalysts," including buybacks and a series of cost-cutting measures, over the next 12 to 18 months. Looking at the chart Dell found now a strong resistance at 50 dma, so probably we can see here some profit taking after recent rally, from 21.6 to 23.62.
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