Dell Stock Flashing Buy Signal Amid Chip Selloff
Dell Technologies(DELL) Schaeffers Investment Research·2024-07-18 00:51
Dell Technologies Inc (NYSE:DELL) stock is 6.7% lower at $125.29 at last glance, suffering a significant bear gap following news that the Biden administration plans to tighten restrictions on the chip industry amid rising concerns with dealing in China. Despite today's dip, DELL is still trading within 2% of a historically bullish trendline.Per Schaeffer's Senior Quantitative Analyst Rocky White, the security has come within striking distance of its 80-day trendline three times in the past three years, defi ...