Chart Of The Day: Teradata Is On A Tear
The Chart of the Day belongs to the software company Teradata (TDC). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/3 the stock gained 33.53%.
(Click on image to enlarge)
TDC Price vs Daily Moving Averages
Teradata Corporation, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics. The company offers Teradata Vantage, a data platform that allows companies to leverage their data across an enterprise, as well as connects various sources of data to drive ecosystem simplification and support customers on their journey to the cloud through an integrated migration. Its business consulting services include support services for organizations to establish a data and analytic vision, enable a multi-cloud ecosystem architecture, and identify and operationalize analytical opportunities, as well as to ensure the analytical infrastructure delivers value. The company also offers support and maintenance services. It serves clients in financial services, government, healthcare and life sciences, manufacturing, retail, telecommunications, and travel/transportation sectors through a direct sales force in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company was incorporated in 1979 and is headquartered in San Diego, California.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 67.10+ Weighted Alpha
- 42.64% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 10 new highs and up 11.85% in the last month
- Relative Strength Index 74.24%
- Technical support level at $53.58
- Recently traded at $55.02 with 50 day moving average of $47.95
Fundamental Factors:
- Market Cap $5.52 billion
- P/E 91.76
- Revenue projected to grow 2.20% this year and increase again by 4.60% next year
- Earnings estimated to increase by 20.10 this year, an additional 22.80% next year and continue to compound upward at an annual rate of 22.50% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 5 strong buy, 2 buy, 2 hold and 1 sell opinions on the stock
- The individual investors on Motley Fool are high on the stock and voted 507 to 31 for the stock to beat the market with the more experienced investors voting 114 to 3 for the same result
- Value Line ranks the stock an average 3
- CFRAs MarketScope rates it a 4 star buy
- 12,900 investors monitor the stock on Seeking Alpha
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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...
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