Wednesday, July 15, 2009

DELL (Short)...

Despite today's rally, I see a stock I want to short, namely DELL. Tech in general has been pretty strong throughout the year, but DELL is not looking so strong following its earnings release earlier this week. Note the high-volume gap-down break of both the 50-day and 200-day EMAs yesterday. I would love to see DELL rally on low volume to fill that gap-down, which is around $13 and would also correlate with the middle BB. A starter short could be taken into that rally and a short could be added to upon a breakdown below yesterday's lows.



Position: none

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