Dell Technologies (DVMT) was a recent IPO out of Dell and EMC. Here is the chart. With the technology stocks trading so well, this chart continues to climb.
The volume is a little obscured by the 40 Million share candle. The average daily volume is a little clearer in the zoom box on the right, showing around 1.4 million shares. The momentum is starting to turn up again.
Good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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