Dell Technologies (DELL) Now Trades Above Golden Cross: Time to Buy?

Core Viewpoint - Dell Technologies Inc. (DELL) is showing potential as a strong stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [1]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout is likely [2]. - The successful formation of a golden cross involves three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [3]. Performance Metrics - Over the past four weeks, DELL has gained 9.8%, and it currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong potential for further gains [4]. - Earnings expectations for DELL are positive, with five upward revisions in estimates for the current quarter and no downward revisions over the past 60 days, leading to an increase in the Zacks Consensus Estimate [4]. Investment Outlook - The combination of positive earnings estimate revisions and the recent technical breakout positions DELL as a stock to watch for potential gains in the near future [5].