Is Dell Technologies Inc. (DELL)’s Fuel Running High? The Stock Formed Bullish Wedge Up

Investors sentiment is 0 in 2018 Q4. Its the same as in 2018Q3. It is without change, as 0 investors sold Dell Technologies Inc. shares while 0 reduced holdings. only 2 funds opened positions while 0 raised stakes. 253,676 shares or Infinity% more from shares in 2018Q3 were reported.
Nelson Roberts Inv Advsr Ltd Liability reported 79 shares or 0% of all its holdings. Penn Davis Mcfarland holds 2.41% or 126,759 shares.

The stock of Dell Technologies Inc. (DELL) formed an up wedge with $72.48 target or 8.00 % above today’s $67.11 share price. The 9 months wedge indicates low risk for the $48.22B company. If the $72.48 price target is reached, the company will be worth $3.86B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.56% or $0.38 during the last trading session, reaching $67.11. About 415,311 shares traded. Dell Technologies Inc. (NYSE:DELL) has risen 32.65% since May 8, 2018 and is uptrending. It has outperformed by 28.28% the S&P500.

Analysts await Dell Technologies Inc. (NYSE:DELL) to report earnings on May, 30 after the close. They expect $1.15 earnings per share, down 7.26 % or $0.09 from last year’s $1.24 per share. DELL’s profit will be $826.30 million for 14.59 P/E if the $1.15 EPS becomes a reality.

Dell Technologies Inc. (NYSE:DELL) Ratings Coverage

Among 5 analysts covering Dell Technologies (NYSE:DELL), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Dell Technologies had 5 analyst reports since February 28, 2019 according to SRatingsIntel. Morgan Stanley maintained Dell Technologies Inc. (NYSE:DELL) rating on Thursday, February 28. Morgan Stanley has “Equal-Weight” rating and $60 target. The firm has “Market Perform” rating given on Monday, March 4 by BMO Capital Markets. The stock has “Buy” rating by Citigroup on Friday, March 1. The rating was maintained by Raymond James with “Outperform” on Thursday, May 2.

More notable recent Dell Technologies Inc. (NYSE:DELL) news were published by: Seekingalpha.com which released: “Report: Dell could increase tracking stock offer – Seeking Alpha” on November 07, 2018, also Seekingalpha.com with their article: “Dell unveils Alienware, XPS webcam fix – Seeking Alpha” published on January 08, 2019, Seekingalpha.com published: “Dell Technologies’ (DELL) Management on Q4 2019 Results – Earnings Call Transcript – Seeking Alpha” on March 01, 2019. More interesting news about Dell Technologies Inc. (NYSE:DELL) were released by: Bloomberg.com and their article: “Dell Set to List on NYSE If Go-Public Plan Via Buyout Succeeds – Bloomberg” published on October 04, 2018 as well as Seekingalpha.com‘s news article titled: “Dell boosts tracking offer to $120/share – Seeking Alpha” with publication date: November 15, 2018.

Dell Technologies Inc. designs, develops, makes, markets, sells, and supports information technology services and products worldwide. The company has market cap of $48.22 billion. It operates through three divisions: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. It currently has negative earnings. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.

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