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.
Take a look at the 1-year chart of Teradata (NYSE: TDC) with the added notations:
TDC has been trading sideways for all of 2014. In addition, since the
beginning of February, the stock has found support at $40 (green)
whenever that level has been approached. Now that the stock is there
again, traders should be able to expect some sort of bounce. However, if
the $40 support were to break, much lower prices should follow.
The Tale of the Tape: TDC has a key level of support
at $40. A trader could enter a long position at $40 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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