Swing trading Long Dell Inc.
Good Afternoon Fools:
Apocalypse for PC era will wait for a while in my humble opinion. PC and laptops are still good tools in factories, offices and nice toys at homes; servers are the heart that store in the cloud and pumps data towards wide world web in our information technology society.
DELL manufactures Pc´s,Laptops tablets and servers, but it also manufactures printers, and a wide range of electronic devices, so.. for me is well diversified in its products that reach new and old customers every day.
Turn around stories won´t work from one day to another, but it seems to me that DELL´s CEO is working very hard to get a new growing story for his company,
Tech. speaking DELL is trading right now in an oversold condition and with divergences between market price and Chaikin Money flow, so it could be ready for an upward reversal with stockastic oscillator crossing in the low band.
I recommend starting long positions right now to get into this undervalued company before take off.
Have a nice day