I’ve held Teradata (TDC) for almost two weeks now. While I would have expected more of an upswing at this point, it has nonetheless maintained the 50-day moving average and major support levels with conviction. One downside that I have seen in the stock is that it has not had seen any increase in volume to signify that it is on the verge of breaking out. Instead it seems to be content with moving steadily along the 50-day moving average. I’m not ruling out yet that we won’t see an upward breakout at this point, in fact I believe that edge is in our favor still. As a result I am keeping my position in this stock and will maintain the current stop-loss for the position.
Should we get that coveted breakout, I will tighten my stop on the position.
Here’s the TDC Chart…
