(Finance) – Goes on the market Dell Technologieswhich suffers with a decline of 11.50% after announcing growing revenues, but “Consumer” demand under pressure.
“Another quarter of record revenue, coupled with our $ 1.3 billion operating income and $ 2 billion non-GAAP operating income, confirms our strength in the industry and our competitive position,” said Tom Sweet, chief. financial officer of Dell Technologies – We remain focused on what we can control, remaining flexible and opportunistic and delivering revenue and earnings growth with strong free cash flow for our shareholders over time. “
The one-week trend of the the world’s leading manufacturer of personal computers is more sluggish than the trend ofS & P-500. Such a breakdown could trigger opportunities for the market to sell the stock.
Strengthening signals for the short trend with more immediate resistance seen at USD 44.81, with a support level to control the current phase estimated at 41.02. The balanced bullish strength of Dell Technologies is supported by the upward crossing of the 5-day moving average on the 34-day moving average. Due to the technical implications assumed, we should see a continuation of the bullish phase towards the 48.61 level.