Tuesday, May 6, 2014

Teradata Corporation (NYSE: TDC)

Teradata Corporation provides analytic data platforms, marketing and analytic applications, and related consulting services in the United States and internationally. Its analytic data platforms comprise software, hardware, and related business consulting and support services for data warehousing, active intelligence, big data analytics, and data discovery. The company’s products comprise Teradata Analytic Database Software that delivers near real-time intelligence; Teradata Workload-Specific Platforms; Teradata Aster Discovery Platform, which is pre-configured with Teradata Aster Database; and Teradata Logical Data Models that are blueprints for designing an integrated data warehouse. It also provides Teradata Integrated Marketing Applications, which helps organizations in managing marketing workflows, budget allocation, leads, analytics, and digital assets; Teradata Marketing Operations for marketing resource management; Teradata Campaign Management for planning and performance analysis; and Teradata Digital Messaging for executing personalized communications and delivering customer experiences, as well as Teradata Analytic Applications.
Please take a look at the 1-year chart of TDC (Teradata Corporation) below with my added notations:
1-year chart of TDC (Teradata Corporation)
Over the last 2 months TDC has created a key level of support at around $45 (blue) and that $45 level is also the “neckline” support for TDC’s H&S reversal pattern. Above the neckline you will notice the H&S pattern itself (green). Remember, patterns such as an H&S need to confirm to have the meaning that they imply. Confirmation of the H&S would occur if the stock were to break below its $45 support.

The Tale of the Tape: TDC seems to have formed a head & shoulders pattern. Although a long trade could be made at $45, the pattern implies that the stock might be preparing to break lower. A short trade could be entered on a solid move below the $45 “neckline” support.
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