• Return to Headlines

Tech Data Corp Shares Up 49.6% Since SmarTrend's Buy Recommendation (TECD)

By Shiri Gupta

SmarTrend identified an Uptrend for Tech Data Corp (NASDAQ:TECD) on August 29th, 2019 at $96.29. In approximately 6 months, Tech Data Corp has returned 49.63% as of today's recent price of $144.08.

In the past 52 weeks, shares of Tech Data Corp have traded between a low of $80.20 and a high of $151.47 and are now at $144.08, which is 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

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 marketer, 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