Dell Technologies now only 51 cents from key resistance at $50.71

• $50.46 is Dell Technologies's highest rate in 10 months.
• The lower Bollinger Band® is currently at $44.68 while the higher band is at $50.44

Dell Technologies has posted further gains as part of a 9 day trend that has already seen the stock gain $3.9. Yesterday continued on the same track for Dell Technologies — after closing Wednesday at $49.38, Dell Technologies closed at $50.2 yesterday after climbing to $50.46 and dropping back down.

The multinational technology company now trading 34.59% above its 3-month low of $33.77.

Trend and momentum analysis indicates that investors are seeking long positions as Dell Technologies Inc. price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $50.44, thereby suggesting that Dell Technologies is becoming overvalued. Technical analysis shows that Dell Technologies could be slowing down soon as it approaches resistance at $50.71. Of course, crossing it might suggest further gains are ahead.

Overall, while Dell Technologies has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Fundamental indicators – data for United States Retail Sales released yesterday at 12:30 UTC is better than expected with 0.3%, but worse than previous figure of 0.4%.

A look at other technology stocks also showed bullish price action as Microsoft added 3.19% to its value, and traded at $348.1. Accenture plc Class A (Ireland) gained 2.77%, as it traded at $323.77. Oracle gained 3.5%, as it traded at $126.55.