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.
Review the 1-year chart of Teradata (NYSE: TDC) below with my added notations:

TDC has formed a key level of support at $40.00 (blue) over the last 8 months. In addition, the stock has created a down trending resistance starting from the beginning of April (red). These two lines combined have TDC stuck trading within a common chart pattern known as a descending triangle, and at some point, the stock has to break support or break its string of lower highs.

The Tale of the Tape: TDC has formed a descending triangle pattern. A short trade could be made on a break of the $40.00 support level. A break through $43.00 would break the down trending resistance and would set up a potential long trade. A long trade could also be made on a pullback to $40.
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