Dell Technologies (DELL) stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 69 to 74.

IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest price moves. See if Dell Technologies stock can continue to show renewed price strength and clear that threshold.

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Is Dell Technologies Stock A Buy?

Dell Technologies stock has been trading below its 50- and 200-day moving averages. The tech stock is not in a proper buying range. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

In terms of fundamentals, the company has posted two quarters of rising earnings growth. Sales gains have also increased during the same period.

Dell Technologies stock holds the No. 6 rank among its peers in the Computer-Hardware/Peripherals industry group. IonQ (IONQ), Super Micro Computer (SMCI) and Logitech International (LOGI) are among the top 5 highly rated stocks within the group.

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