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Teradata Crosses Above its 10-day MA (TDC)

By Shiri Gupta

Teradata (NYSE:TDC) shares have crossed bullishly above their 10-day moving average of $29.63 on a volume of 142K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Teradata share prices have moved between a 52-week high of $45.65 and a 52-week low of $21.98 and are now trading 35% above that low price at $29.76 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Teradata on September 9th, 2016 by issuing a Downtrend alert when the shares were trading at $30.45. Since that call, shares of Teradata have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Teradata

Ticker(s): TDC