In a welcome move, Dell Technologies Cl C saw its Relative Strength Rating rise from 70 to 74 on Thursday.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves. See if Dell Technologies Cl C can continue to rebound and hit that benchmark.
Dell Technologies Cl C has moved more than 5% past a 70.77 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Top and bottom line growth moved higher last quarter. Earnings were up 19%, compared to 17% in the prior report. Revenue increased from 5% to 19%.
Dell Technologies Cl C holds the No. 6 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International, D-Wave Quantum and Dell Technologies Cl C are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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