Today’s Featured Stock
Valued at $267 billion, Dell Technologies (DELL) is a provider of information technology solutions.
What I’m Watching
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. DELL checks those boxes. The Trend Seeker issued a new “Buy” signal on March 2. Since then, the stock has gained 180.88%.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
www.barchart.comBarchart’s Technical Indicators for Dell Technologies
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Dell Technologies scored an all-time high of $469.47 on June 1.
Dell has a Weighted Alpha of +220.35. DELL has a 100% “Buy” opinion from Barchart. The stock has gained 246.58% over the past 52 weeks. Dell has its Trend Seeker “Buy” signal intact. The stock recently traded at $431.36 with a 50-day moving average of $335.44. DELL has made 8 new highs and gained 7.57% over the past month. 60-month beta of 1.31. Relative Strength Index (RSI) is at 60.66. There’s a technical support level around $399.88.Don’t Forget the Fundamentals
$267 billion market capitalization. 32.45 x trailing price-earnings ratio. 0.59% dividend yield. Revenue is projected to grow 50.82% this year and another 11.14% next year. Earnings are estimated to increase 78.38% this year and an additional 16.49% next year.Analyst and Investor Sentiment on Dell Technologies
The Wall Street analyst followed by Barchart gives the stock 16 “Strong Buy,” 2 “Moderate Buy,” and 7 “Hold” opinions with price targets between $290 and $700. This is a very, very wide range! Value Line rates the stock “Highest” with price targets from $330 to $495. CFRA’s MarketScope rates the stock a “Buy” with a price target of $465. Morningstar thinks the stock is fairly valued. 122,030 investors are following the stock on Seeking Alpha, which rates it a “Hold.” Their analysts note a high valuation as its only drawback. Short interest is a reasonable 2.44% of the float with 1.41 days to cover the float.The Bottom Line on Dell Technologies
It’s hard to find a company with better fundamentals. Last year revenue was up 18.80%, earnings were up 29.27%, and Cash Flow was up 313.86%. The projections for this year and next are also positive.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
These 3 Niche ETFs Might Just Buck A Bear Trend From Rockets to Red Flags: Here Is How to Play SPCX Stock After AI Safety Controversy Dell Stock Has A-Plus Fundamentals as Cash Flow Surges 313% Jeff Bezos Says ‘We Don’t Have a Revenue Problem’ in America — Bottom Half Paying Just 3% of Taxes Means ‘We Can Find 3%’