Tech Data (TECD) Technical Alert - Watch for 24.8% Uptrend Continuation

Tech Data (NASDAQ:TECD) is trading 10% higher (up $3.41 to $37.50) today on volume of 394,046 shares. This compares to the previous trading session where the stock closed at $34.09 on volume of 1,109,700 shares, above average daily volume of 722,107.

Tech Data is currently above its 50-day moving average of $33.10 and above its 200-day moving average of $24.45.

SmarTrend is bullish on shares of (TECD) and our subscribers received an Uptrend alert on May 20, 2009 at $30.05, which has returned 24.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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