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andrew.berg
Aug 5, 2014 8:14 AM

TDC found strong support and looks ready to go Long

Teradata CorporationNYSE

Description

TeraData has been hot stock during 2010-2012, then it lost its luster after soften in margins. But in terms of net profit and total revenues it is showing us solid numbers.
Stock found strong support at $39-$40. Looks like funds accumulate this stock during last three quarters. Yesterday, it gave us Day #1 (broke of flag and trend line). If the next days it will hold 1/3-1/2 of its range and will go through pivot high $43.65 then it will open doors to upper resistance at $49. With stop below $41.70 (bottom of flag) and more strategical $40 makes this trade acceptable from R/R point of view.
Company will release its earnings on 7th of August before market opens.
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