On Monday, Dell Technologies Cl C hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or higher RS Rating at the beginning of a new price run.
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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 create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 9%. Revenue rose from 6% to 9%. The company is expected to report its latest earnings and sales numbers on or around Nov. 26.
Dell Technologies Cl C holds the No. 4 rank among its peers in the Computer-Hardware/Peripherals industry group. IonQ is the top-ranked stock within the group.
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