Schaeffer's Top Stock Picks for '25

Tech Stock for Call Traders' Consideration

There's room for analysts to change their sentiment

Oct 18, 2023 at 11:40 AM
facebook X logo linkedin


Subscribers to Schaeffer's Weekend Trader options recommendation service received this DELL commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Dell Technologies Inc (NYSE:DELL) stock is pulling back to a trendline connecting lower highs, with its recent low coinciding with the site of its late August, post-earnings open. The shares gapped higher after that report, and are now trading above $67.54, which is double their 2022 closing low.

DELL WT Chart October 182023

Though most analysts are already bullish on DELL, there is still room for upgrades. Of the 18 firms in coverage, five still carry a tepid "hold"  or worse rating. Plus, short interest is not high relative to float volume. In fact, it is just below two-year highs, and near a level that saw short covering from December to May.
 
It’s also worth noting that a slew of 71.50-strike calls – which may have contributed to DELL’s inability of shares to sustain a move through this level since earnings – expired last week. Our call has a leverage ratio of 6.1, and will double on a 15.7% pop in the underlying shares.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?

 

 

(function(doc, script) { var js, fjs = doc.getElementsByTagName(script)[0], frag = doc.createDocumentFragment(), add = function(url, id) { if (doc.getElementById(id)) {return;} js = doc.createElement(script); js.src = url; id && (js.id = id); frag.appendChild( js ); }; // Google+ button //add('https://apis.google.com/js/platform.js', async="defer"); // Facebook SDK add('//connect.facebook.net/en_US/all.js#xfbml=1&appId=772755279557744', 'facebook-jssdk'); // Twitter SDK //add('//platform.twitter.com/widgets.js', charset='utf-8'); fjs.parentNode.insertBefore(frag, fjs); }(document, 'script'));