The analyst warns of a potential sharp decline in DELL stock following parabolic price moves, implying a bearish stance.
Parabolic moves in DELL stock suggest a risk of a significant downward correction.
$DELL parabolic moves mean one thing: WATCH OUT DOWN BELOW. https://t.co/RKEFPO6E9D
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.5% | +1.5% |
| 1 week | +0.9% | -0.9% |
| 1 month | +2.7% | +2.1% |
| 3 months | — | — |
| 6 months | — | — |