===Entry level $112 - Target price $135 - Stop loss $107===
Not quite a buy yet, it is carrying strong momentum into what we see as a probable breakout. Buying on this breakout and then the backtest is a much better strategy.
Trading at a extremely reasonable P/E ratio of 10.7, we see Tech Data as a bargain before the rollout of 5G.
Tech Data Corp. engages in the distribution of information technology products, services, and solutions. Its services include logistics and warehousing, supply chain, technical, marketing, and product life cycle management. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The firm's products include systems, consumer electronics, components and accessories, printers and scanners, software, and office supplies. The company was founded by Edward C. Raymond in 1974 and is headquartered in Clearwater, FL.
Not quite a buy yet, it is carrying strong momentum into what we see as a probable breakout. Buying on this breakout and then the backtest is a much better strategy.
Trading at a extremely reasonable P/E ratio of 10.7, we see Tech Data as a bargain before the rollout of 5G.
Tech Data Corp. engages in the distribution of information technology products, services, and solutions. Its services include logistics and warehousing, supply chain, technical, marketing, and product life cycle management. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The firm's products include systems, consumer electronics, components and accessories, printers and scanners, software, and office supplies. The company was founded by Edward C. Raymond in 1974 and is headquartered in Clearwater, FL.