Dell Technologies Cl C had its Relative Strength (RS) Rating upgraded from 65 to 74 Monday — a welcome improvement, but still short of the 80 or better score you prefer to see.
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IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 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 tend to 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 clear that threshold.
Dell Technologies Cl C 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 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 line.
The company showed -15% EPS growth in its most recent report, while sales growth came in at 5%.
Dell Technologies Cl C earns the No. 6 rank among its peers in the Computer-Hardware/Peripherals industry group. D-Wave Quantum, Super Micro Computer and IonQ 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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