For the second time in three months, Dell Inc (DELL) surged above 15 with big volume. The stock pulled back to broken resistance and bounced off support twice in mid March and early April. Today's big surge solidifies support and suggests that DELL has begun a bigger uptrend.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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