Stock Worth Watching: A Reversal for Dell Technologies Inc Is Not Near. The Stock Reaches 52-Week High Today

Stock Worth Watching: A Reversal for Dell Technologies Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of Dell Technologies Inc (NYSE:DVMT) hit a new 52-week high and has $55.47 target or 6.00% above today’s $52.33 share price. The 9 months bullish chart indicates low risk for the $11.71B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $55.47 price target is reached, the company will be worth $702.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 45,898 shares traded hands. Dell Technologies Inc (NYSE:DVMT) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.

According to Zacks Investment Research, “Dell Technologies Inc. is a provider of information technology solutions. The company’s operating segment consists of Client Solutions, Enterprise Solutions Group and Dell Software Group. Client Solutions segment includes sales to commercial and consumer customers of desktops, thin client products, notebooks as well as services and third-party software and peripherals of Client Solutions hardware. ESG segment includes servers, networking and storage as well as services and third-party software and peripherals of ESG hardware. DSG segment includes systems management, security software solutions and information management software offerings. Dell Technologies Inc. is headquartered in Round Rock, Texas.”

More news for Dell Technologies Inc (NYSE:DVMT) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on September 07, 2016. Fortune.com‘s article titled: “Meet Michael Dell’s New Tech Behemoth” and published on September 07, 2016 is yet another important article.

DVMT Company Profile

Dell Technologies Inc., formerly Denali Holding Inc., is a well-known provider of information technology (IT) solutions. The Firm focuses on providing end-to-end technology solutions. The Firm operates through three divisions: Client Solutions, Enterprise Solutions Group (ESG), and Dell Software Group (DSG). The Client Solutions segment includes sales to commercial and consumer clients of desktops, thin client products, notebooks, as well as services and third-party software and peripherals tied to the sale of Client Solutions hardware. The ESG segment includes servers, networking and storage, as well as services and third-party software and peripherals that are tied to the sale of ESG hardware. The DSG segment includes systems management, security software solutions and information management software offerings. The Company’s subsidiaries include Dell Inc., Universal Acquisition Co. and EMC Corporation.

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