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Should You Buy Dell Technologies Inc (DELL) Stock After it Has Gained 2.63% in a Week?

Tuesday, August 24, 2021 01:22 PM | InvestorsObserver Analysts
Should You Buy Dell Technologies Inc (DELL) Stock After it Has Gained 2.63% in a Week?

The market has been high on Dell Technologies Inc (DELL) stock recently. DELL gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Dell Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DELL!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DELL Stock Today?

Dell Technologies Inc (DELL) stock is trading at $100.39 as of 1:15 PM on Tuesday, Aug 24, a rise of $0.27, or 0.27% from the previous closing price of $100.12. Volume today is light. So far 645,698 shares have traded compared to average volume of 1,396,583 shares. The stock has traded between $99.89 and $101.29 so far today. To see InvestorsObserver's Sentiment Score for Dell Technologies Inc click here.

More About Dell Technologies Inc

Dell Technologies, born from Dell's 2016 acquisition of EMC, is a leading provider of servers and storage products through its ISG segment; PCs, monitors, and peripherals via its CSG division; and virtualization software through VMware. Its brands include Dell, Dell EMC, VMware (expected to be spun off toward the end of 2021), Boomi (expected to be sold by the end of 2021), Secureworks, and Virtustream. The company focuses on supplementing its traditional mainstream servers and PCs with hardware and software products for hybrid-cloud environments. The Texas-based company employs around 158,000 people and sells globally. Click Here to get the full Stock Report for Dell Technologies Inc stock.

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