TIBCO Software Inc. provides middleware and infrastructure software
worldwide. It offers products in the areas of service-oriented
architecture (SOA) and core infrastructure; business optimization; and
process automation and collaboration. Its SOA and core infrastructure
product line helps organizations integrate their disparate systems and
move towards flexible infrastructure comprising services or discrete
data components that can be assembled, orchestrated, and reused. The
company's business optimization software tracks large volumes of
real-time events as they occur and applies rules in order to identify
patterns that signify problems, threats, and opportunities, as well as
automatically initiate appropriate notifications or adaptations of
processes. Its process automation and collaboration software helps
organizations coordinate manual and automated process flows that span
their business and enables employees to collaborate in real-time using
social media. The company also provides professional services, which
include consulting services that comprise systems planning and design,
installation, and systems integration; maintenance and support;
training; and hosted services.
Please take a look at the 1-year chart of TIBX (TIBCO Software, Inc.) below with my added notations:
TIBCO's stock had been trading in a large, sideways range since
December. Over those last (9) months, the stock has also formed a key
level at $24 (navy), which had most recently been acting as resistance.
Late last week the stock finally broke back above that $24 level. So,
assuming TIBX holds $24, the stock should be moving overall higher from
here.
The Tale of the Tape: TIBX had a key level of
resistance at $24 that should now act as support on any pullbacks. A
long trade could be entered on a pullback to $24 with a stop placed
below that level. However, if the stock were to break back below $24, a
short trade could be made instead.
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