Tangoe, Inc. provides communications lifecycle management software
and services primarily to commercial enterprises and governmental
agencies. The company offers an on-demand Communications Management
Platform (CMP), a suite of software designed to manage and optimize the
complex processes and expenses associated with the lifecycle of an
enterprise's fixed and mobile communications assets and services,
including planning and sourcing, procurement and provisioning, inventory
and usage management, mobile device management, telecommunications
expense management, invoice processing, expense allocation and
accounting, and asset decommissioning and disposal. It also provides
help desk, asset procurement and provisioning, and carrier dispute
resolution services to manage customers' communications assets and
services. In addition, the company offers strategic consulting and other
services, including sourcing, strategic advise, bill auditing,
inventory optimization, mobile optimization, policy administration, and
mobile lifecycle; and implementation services comprising data
conversion, system configuration, process review, and corporate system
integration services that assist customers in the setup and deployment
of CMP.
Please take a look at the 1-year chart of TNGO (Tangoe, Inc..) below with my added notations:
After selling off from August down into December, TNGO rallied back
up to hit a high of $16 in February and sold off again into March and
April. Since then, the stock has rallied back up to the $16 resistance
(red) and appears to have formed a cup (blue) and handle (purple)
pattern. TNGO would confirm the pattern by breaking through the $16
resistance, and if it does, the stock should be moving higher from
there. To add validity to any breakout, the break should occur on
heavier volume than usual.
Keep in mind that simple is usually better. Had I never pointed out
this cup and handle pattern, one would still think this stock is moving
higher simply if it broke through the $16 resistance level.
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