TIBCO Software Shares Sinking Lower, Down 1.9%

Published on Wed, 02/20/2013 - 13:29
By Peter Chu in Market movers, TIBX, market movers, nasdaq:tibx, tibco software

TIBCO Software (NASDAQ:TIBX), a company whose shares are moving quickly, is trading 1.9% lower to $22.34. The S&P is currently trading 0.4% lower to 1,525 and the Dow Jones Industrial Average is trading fractionally lower to 14,025.

Potential upside of 20.9% exists for TIBCO Software, based on a current level of $22.34 and analysts' average consensus price target of $27.00. The stock should hit resistance at its 200-day moving average (MA) of $26.55, as well as support at its 50-day MA of $22.23.

Over the past year, TIBCO Software has traded in a range of $18.95 to $34.67 and is now at $22.34, 18% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

TIBCO Software Inc. provides electronic business infrastructure software products that enable business-to-business, business-to-consumer, and business-to-employee solutions. The Company's software products enable businesses to link internal operations, business partners, and customer channels in real time.

By Peter Chu
pchu@fnno.com

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