Tech Stock “Buy” Signal Has Never Been Wrong

Dell Technologies (DELL) may be up a healthy 55% in 2024, but the computer hardware stock has stumbled in December, down 7% month to date. If past is precedent though, shares could be moving back up the charts by the end of the year.The bullish trendline in question is DELL’s 260-day moving average, which represents a 52-week or approximately a 1-year trend analysis. Per Schaeffer's Senior Quantitative Analyst Rocky White, the equity ran into this trendline twice in the last three years.For the purpose of t ...