Long Position on DATA @ $73.01 on 9/30/2014 (Momentum)

Bullish Cup & Handle on DATATableau Software, Inc. (DATA) provides various business analytics software products in the United States, Canada, and internationally.

It offers Tableau Desktop, a self-service analytics product that empowers people to access and analyze data independently; and Tableau Server, a business intelligence platform with data management, scalability, and security to foster the sharing of data, as well as to improve the dissemination of information in an organization, and promote enhanced decision-making.

The company also offers Tableau Online, a cloud-based hosted version of Tableau Server; and Tableau Public, a cloud-based platform that allows the users of bloggers, journalists, researchers, and government workers to visualize public data on their Websites.

It also provides related maintenance and support, and training and professional services. The company offers its products and services to organizations in various industries, including business services, energy and telecommunications, financial services, Internet, life sciences and healthcare, manufacturing and technology, media and entertainment, public sector, education, retail, consumer, and distribution industries. Tableau Software, Inc. sells its products directly, as well as through technology vendors, resellers, original equipment manufacturers, and independent software vendor partners.

It has strategic alliance with Splunk Inc. to enhance the visual analytics and machine data; and strategic partnership with Brillio. Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Week Trading Range: $52.02 - $102.37

Entry Point: $73.01

Stop Loss: $69.30

Target Price: $80.30

Updates

10/1/2014 2:35:57 PM

DATA fell below our stop. CLosed at $69.  

Position closed on 10/1/2014 at price of $69.00 with a -5.49% loss in 1 days.

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