Dell Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 64 to 71.
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This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest runs. See if Dell can continue to show renewed price strength and clear that threshold.
Dell has climbed more than 5% past a 70.77 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted -15% EPS growth in the latest quarterly report. Revenue rose 5%.
The company holds the No. 4 rank among its peers in the Computer-Hardware/Peripherals industry group. D-Wave Quantum is the No. 1-ranked stock 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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