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Stock Market & Financial Investment News

News Breaks
December 3, 2012
09:45 EDTDELLDell gaps up sharply, levels to watch
The shares gapped up at the open sharply, trading up more than 10% from Friday's close before slipping back to up over 8% at time of writing. At the current price of $10.44, next resistance is at $10.87, a pivot high from September. Support is at $10.13. Goldman earlier upgraded the stock to Buy from Sell, and set a price target of $13 on the shares. It cited valuation, reduced expectations, a strong net cash position, and the potential for an LBO as reasons for the recommendation change.
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