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Tech Data Corp Shares Up 27.9% Since SmarTrend's Buy Recommendation (TECD)

By Shiri Gupta

SmarTrend identified an Uptrend for Tech Data Corp (NASDAQ:TECD) on November 17th, 2016 at $83.04. In approximately 8 months, Tech Data Corp has returned 27.89% as of today's recent price of $106.20.

Tech Data Corp share prices have moved between a 52-week high of $106.92 and a 52-week low of $67.67 and are now trading 57% above that low price at $106.27 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.7%.

Tech Data Corporation is a wholesale distributor of technology products. The Company also provides its customers with advanced logistics capabilities and Value-added services. Tech Data serves value-added resellers, direct marketers, retailers and corporate resellers in more than 100 countries throughout North America, South America, Europe, the Middle East and Africa.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Tech Data Corp shares.

Log in and add Tech Data Corp (TECD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights tech data corp

Ticker(s): TECD