Signal Says "Buy the Dip" on This Struggling Tech Stock
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Dell Technologies Inc (NYSE:DELL) stock has declined 1.4% to $127.37, ending a five-day winning streak amid tech sector challenges. Despite a 10% drop in Q4 and being 24% off its 12-month high, DELL is testing a historically bullish long-term trendline. Analyst Rocky White notes that past occurrences of this trendline have led to an average 25.8% increase one month later. Short interest has risen, indicating potential for a short squeeze, while options are affordably priced, suggesting further upside potential.
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