Dell Shows Relative Strength and a Bear Flag
While the stock market swooned over the last few weeks, Dell Inc (DELL) held its ground and did not break its late May lows. In fact, the stock has been edging higher the last three weeks. The indicator window shows the Price Relative rising to a new high for 2011. Relative strength is bullish, but traders need to watch support from the June low as a rising (bearish) flag could be taking shape.

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