Dell Technologies Shows Market Leadership With Jump To 82 RS Rating

Dell Technologies (DELL) saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 78 to 82.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.

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Dell stock is in a buy zone after clearing a 100.93 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it’s best to hold off investing and wait for it to set up another buying opportunity. It should be noted that Dell was IBD Stock Of The Day for September 23.

Earnings growth declined last quarter from 59% to 17%. But revenue gains moved higher, from 12% to 15%.

Dell stock holds the No. 1 rank among its peers in the Computer-Hardware/Peripherals industry group.


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