Nearest Resistance: $13.65
Nearest Support: $12.50
Catalyst: Going Private Transaction
Sideways is a direction that Dell (DELL - Get Report) shareholders need to get used to. After founder Michael Dell announced that he was raising the cash to take the firm private, this stock has traded in a relatively tight range. And now that more specifics have come out about the deal, it's unlikely we'll see much more volatility in shares of this computer giant. DELL has a tiny risk premium still factored into shares, but it's unlikely to be a very lucrative arbitrage opportunity; like Sprint, there's a lot of headline risk in this stock.Since the deal price is $13.65 per share, that price is going to act as a pretty hard resistance level for now. That means that there isn't a trade to be made in this name right now.
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