TIBCO Software (NASDAQ:TIBX) traded in a range Friday that spanned from a low of $15.06 to a high of $15.34. Friday’s high of the day topped the weekly 5-day high of $14.99 on volume of 2.6 million shares.
Shares of TIBCO Software have been range bound for the past week between a low of $13.53 and a high of $14.99 and have traded with a 30-day average daily volume of 2.8 million shares.
Look for shares of TIBX to trade within a new higher trading range with support at $14.99 and move along with its peers in the Business Software & Services SmarTrend industry.
SmarTrend is bullish on shares of TIBCO Software and our subscribers were alerted to Buy on December 23, 2009 at $9.69. The stock has risen 57.6% since the alert was issued.
Source:http://www.mysmartrend.com/news-briefs/news-watch/higher-trading-range-above-1499-detected-shares-tibco-software-tibx
