Dell Stock Rising In Wake Of 36% Profit Jump Last Quarter

In a welcome move, Dell Technologies (DELL) saw its Relative Strength Rating rise from 68 to 73 on Tuesday. The computer giant has put up strong numbers recently and big money investors have taken notice. They’re heavy buyers of its stock and pushed Dell stock up 3.5% Tuesday.

Like other tech stocks, Dell stock took a hit early this year. However, it rebounded nicely, partly on a strong earnings report at the end of May. Dell’s EPS jumped 36% to $1.84. Sales climbed 16% to $26.1 billion. On May 27 Dell stock shot up nearly 13% in heavy volume to close at 49.58 and it held onto the lion’s share of that gain. On Tuesday it popped 3.5% to 49.23.

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