Tableau Software, Inc., together with its subsidiaries, provides business analytics software products in the United States, Canada, and internationally. The company offers Tableau Desktop, a self-service analytics environment that empowers people to access and analyze data independently; and Tableau Server, a business intelligence platform with data management, scalability, and security to foster the sharing of data, as well as to improve the dissemination of information in an organization and promote enhanced decision-making. It also offers Tableau Online, a cloud-based hosted version of Tableau Server; and Tableau Public, a cloud-based platform that allows bloggers, journalists, researchers, and government workers to visualize public data on their Websites.
Take a look at the 1-year chart of Tableau (NYSE: DATA) with the added notations:
DATA rallied strongly higher from its October low. Now that the stock
has declined lower, the most recent month has found DATA hitting
support at $90 (green). That same $90 support was also support earlier
in the year, and it was also a resistance back in December. Now that the
stock appears to be testing that support level again, traders should be
able to expect some sort of bounce. However, if the $90 support were to
break, lower prices should follow.
The Tale of the Tape: DATA has a key level of
support at $90. A trader could enter a long position at $90 with a stop
placed under the level. If the stock were to break below the support a
short position could be entered instead.