Bank of America has reiterated its buy rating for Dell Technologies Inc., citing several positive catalysts ahead for the company. The bank sees the setup into 2025 as attractive, with all areas of Dell's business potentially performing strongly in unison. Dell's stock has reached fresh highs of $135, clearing a two-week flag. The stock is also back above the 50-day moving average and within the June Value Area, indicating potential for further gains. There has been significant put selling into the 55-MA earnings weakness, and some investors have taken short long-dated puts positions.
$DELL discussed how this setup was forming yday in trading room... back above 50d MA and inside June Value Area entered long position earlier today https://t.co/IESVKe8N60
$DELL discussed how this setup was forming yday in trading room... back above 50d MA and inside June Value Area enter long position earlier today https://t.co/STW0ymJ8PK
$DELL strong, lots of put selling into 55-MA earnings weakness, back inside large value zone now and can work higher I am short long-dated puts from last week
$DELL fresh highs now into 135, clearing two week flag
$DELL Bank of America reiterates Dell as buy Bank of America said it sees several positive catalysts ahead for Dell. โWe see the setup into 2025 as attractive as all areas of DELLโs business could be strong in unison.โ