Dell Technologies ($DELL) Tests Downtrend Resistance, Up 5.5%, Dividend on July 23, Options Activity Rise

Dell Technologies ($DELL) is being closely watched as it tests downtrend resistance. The stock is up 5.5% on the day and has shown strength with a bounce off the 55-day moving average. Traders are eyeing a push through $150, anticipating a dividend on July 23. Options activity indicates growing interest, with the September $150 call open interest rising significantly. Technical analysis suggests a breakout in the $149.5-151 range on a weekly basis.