Tech Data (TECD) has some bullish-looking charts and indicators. The stock has climbed the past 12 months from around $65 to near $100. There were many pullbacks and corrections along the way. Pullbacks and corrections can be unnerving to even the most experienced investor but in a bull trend they should be viewed as buying opportunities.
Let's examine the latest charts and our favorite technical indicators on TECD and see how we can negotiate the next several months.
In this daily bar chart of TECD, below, we can see how useful the 50-day and 200-day moving averages have been in defining the trend and providing timely trading signals. The slower-to-react 200-day moving average line has had a positive slope the past 12 months and dips to and just briefly below the average line have been buying opportunities. The slope of the shorter 50-day moving average has been positive for much of the past 12 months and the price of TECD is currently above the rising 50-day line.

The daily On-Balance-Volume (OBV) line has been moving mostly higher the past year and recently moved up to a new high to confirm the new price high. A rising OBV line is a sign of aggressive buying. The Moving Average Convergence Divergence (MACD) oscillator has been bullish since February and is poised to turn up to a fresh outright go long signal.
In this weekly chart of TECD, below, going back three years, we can see that prices are above the rising 40-week moving average line. The weekly MACD oscillator bottomed in May and has moved up with the price action signaling aggressive buying. The weekly MACD oscillator has been above the zero line since February of 2016 and is still in a bullish mode.
In this point and figure chart, below, we can see the uptrend with all the pullbacks. Prices are pointed up and a trade at $100.00 will be a fresh breakout and allow us to project gains to the $119 area.
Bottom line: TECD looks like it will move higher in the months ahead. Traders could approach the long side here risking a close below $88. The $120 area is our upside price target.