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Tech Data Corp. Breaks Above 200-Day Moving Average - Bullish for TECD

By Market News Video Staff, Monday, October 10, 4:28 PM ET
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In trading on Monday, shares of Tech Data Corp. (NASDAQ:TECD) crossed above their 200 day moving average of $47.60, changing hands as high as $47.76 per share. Tech Data Corp. shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of TECD shares, versus its 200 day moving average:

Tech Data Corp. 200 Day Moving Average Chart

Looking at the chart above, TECD's low point in its 52 week range is $38.21 per share, with $54.25 as the 52 week high point — that compares with a last trade of $47.72.

According to the ETF Finder at ETF Channel, TECD makes up 1.81% of the Rydex S&P MidCap 400 Pure Value ETF (AMEX:RFV) which is trading up by about 1.6% on the day Monday.

     See what other ETFs contain TECD »
     See what other stocks are held by RFV »

TECD operates in the Computers sector, among companies like Xyratex Ltd (NASDAQ:XRTX) which is up about 3.9% today, and Zagg Inc (NASDAQ:ZAGG) trading higher by about 4.3%. Below is a three month price history chart comparing the stock performance of TECD, versus XRTX and ZAGG.

TECD,XRTX,ZAGG Relative Performance Chart


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