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Possible Bearish Inside Day Candle Pattern Detected for Teradata Corp (NYSE:TDC)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Teradata Corp (NYSE:TDC) based on the price action in the company's shares. Yesterday's price range of $37.95 and $38.48 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Teradata Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, shares of Teradata Corp have traded between a low of $33.63 and a high of $44.27 and closed yesterday at $38.16, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Teradata Corp operates as a database management company in the technology industry. The company offers analytic data solutions through integrated data warehousing, big data analytics, and business applications. Teradata Corp collaborates with leading innovators in software, technology, and integration services.

Teradata Corp has overhead space with shares priced $38.16, or 2.4% below the average consensus analyst price target of $39.09. The stock should hit resistance at its 200-day moving average (MA) of $39.52, as well as support at its 50-day MA of $37.30.

SmarTrend is monitoring the recent change of momentum in Teradata Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Teradata Corp in search of a potential trend change.

Keywords: bearish am inside day candle teradata corp

Ticker(s): TDC