Informatica Corporation (NASDAQ: INFA)

Informatica Corporation provides data integration software and services worldwide. Its enterprise data integration products includes PowerCenter, PowerExchange, and Data Integration Hub, as well as PowerCenter Express, an entry-level data integration and profiling edition for departments or small to mid-market business, and cloud data integration solutions. The company also provides Data Quality products, such as Data Quality editions and AddressDoctor to stakeholders, projects, and data domains; and Information Lifecycle Management products comprising Data Archive, Data Subset, Persistent Data Masking, Dynamic Data Masking, and ILM Nearline.
Take a look at the 1-year chart of Informatica (Nasdaq: INFA) below with added notations:

INFA has been trading sideways for the last 2 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. INFA’s rectangle pattern has formed a $35 resistance (green) that actually goes back 4 months and was also support back in April. At some point the stock had to break one way or the other, and yesterday the stock broke resistance.

The Tale of the Tape: INFA broke its rectangle resistance. The possible long positions on the stock would on a pullback to $35. A short opportunity would be on a break back below $35.
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