DELL buy zone 100.93 to 105.93 cup with handle base

24 thg 9, 2021

• Shares venture into buy zone with a 100.93 cup-with-handle entry point
  Stock has an IBD Composite Rating of 87 out of a best-possible mark of 99
  Dell stock has gained 40% in 2021, with much of that due to VMware spinoff
  
  

VMware will pay a special dividend of $11.5 billion to $12 billion to all shareholders. Dell will receive 80.6% of the dividend, or in a range of $9.3 billion to $9.7 billion. Dell is expected to use some of the proceeds to reduce its $19 billion adjusted debt on the balance sheet.

Amid the analyst day, Dell stock gained 3.5% to 102.69 on the stock market today. With the gain, Dell stock moved into a buy zone. The tech stock had topped a 100.93 cup-with-handle buy point on Aug. 24. It soon fell below that level but climbed back above it Thursday with solid price and volume action.