Dell Technologies Stock Strength Rating Keeps Rising; Nearing The Benchmark For Takeoff?

Company Overview - Dell Technologies' stock is currently trading above its 50-day and 21-day moving averages, indicating a positive trend as it approaches its latest buy point [1] - The stock's Relative Strength Rating has improved from 69 to 74, suggesting it has outperformed nearly 75% of all stocks in terms of price performance over the past year [2] Financial Performance - Dell reported a 19% increase in earnings per share, rising from 17% a year ago to $2.32 per share [3] - Revenue growth accelerated significantly from 5% to 19%, reaching a record $29.8 billion [3] Industry Position - Dell ranks No. 4 among its peers in the Computer-Hardware/Peripherals industry group, which consists of 16 stocks [4] - The Computer-Hardware/Peripherals industry group itself ranks No. 22 out of 197 industry groups according to IBD [4] Technical Analysis - Dell's stock is currently in a consolidation phase with a buy point at 142.11, having previously reached a seven-month high at this level [2] - The stock needs to clear the breakout price with a volume at least 40% above average to confirm the upward trend [2]