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SmarTrend Watching for Potential Rebound in Shares of Teradata After 2.46% Loss
Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) --
Teradata (NYSE:TDC) traded in a range yesterday that spanned from a low of $61.33 to a high of $64.20. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $63.00 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that its subscribers protect gains by selling shares of Teradata on September 26th, 2012 by issuing a Downtrend alert when the shares were trading at $73.42. Since that call, shares of Teradata have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Teradata share prices have moved between a 52-week high of $80.97 and a 52-week low of $43.77 and are now trading 42% above that low price at $62.28 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.9%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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