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DELL Inc. (DELL) may test lower support levels

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DELL Inc. DELL may test lower support levels

DELL Systems Inc. (NASDAQ: DELL) witnessed an early selling pressure on Monday, following the announcement of news that DELL had decided to acquire PEROT Systems (PER) for $3.9 billion. The DELL stock, after opening with a gap down movement, faced further selling pressure to lose over 4.55% in first two hours of trade, after the traders and investors did not take the acquisition as any headway for further expansion. DELL may test lower support level of $13-$14, and it is worth going for short trade in DELL.

 

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