CommVault Systems, Inc. provides data and information management
software applications and related services primarily in North America,
Europe, Australia, and Asia. The company develops, markets, and sells a
suite of software applications and services under the Simpana brand. Its
Simpana software suite includes solution for the backup and restoration
of enterprise data for file systems, applications, databases, and
virtual machine systems; integrated data archiving solution that
optimizes data tiering and improves information governance; and
enterprise-wide storage optimization for email and files reducing space
on primary storage. The company also provides solutions for protection
of critical applications and data with snapshots and real-time
replication; Web browser that allows search, sort, select, and retrieval
of corporate files and information from online, archive, and backup
data copies; and Robust, which allows centralized management and
reporting on operations across multiple environments.
Take a look at the 1-year chart of CommVault (NYSE: CVLT) with the added notations:
After selling of consistently into April, CVLT has held a very
important level of support at $45 (green) for most of the following 5
months. No matter what the market has done during that time, CVLT has
always found support at that level when tested. Now, the stock has
approached $45 again and that could provide another bounce higher.
The Tale of the Tape: CVLT has a key level of
support at $45. A trader could enter a long position at $45 with a stop
placed under the level. If the stock were to break below the support a
short position could be entered instead.
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