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Monday, March 26, 2007 

DELL upgraded , SPAR new 52 week high

Chart courtesy of stockcharts

Shares of DELL rose today more 3% after an upgrade from Goldman Sachs. Goldman's analysts upgraded their rating to buy from neutral, saying it sees "numerous catalysts," including buybacks and a series of cost-cutting measures, over the next 12 to 18 months. Looking at the chart Dell found now a strong resistance at 50 dma, so probably we can see here some profit taking after recent rally, from 21.6 to 23.62

Chart courtesy of stockcharts

Shares of Spartan Motors has made a new 52 week high today closing at 25.36$. Stock broke out the resistance at 24.75$, so no resistances above now. Keep an eye on SPAR for tomorrow session.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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