Tableau Software (DATA) Stock is Today's 'Chart of the Day'

NEW YORK (TheStreet) -- Tableau Software (DATA) shares are down 2.4% to $96.77 in trading Tuesday and is the subject of today's Trifecta Stocks 'Chart of the Day' analysis.

Tifecta Stocks' Bryan Ashenberg and Bob Lang believe that data technology and cloud computing are segments that are primed for growth in the near future as companies look to spend more on data security and increased capacity.



The company reports first quarter numbers later in the week. Notice the last earnings reaction where we see a sharp rise after a blowout report.

The stock is right back where it was on that gap having gone sideways for three months, consolidating a sharp 20% rise over a few sessions.

We see a nice cup-and-handle pattern, with volume pulling back in the handle, which is what we like to see. This stock could really take off as energy is released post-earnings.

- Bryan Ashenberg and Bob Lang, "Chart of the Day: DATA," originally published 5/5/15 on TrifectaStocks.com

TheStreet Ratings team rates TABLEAU SOFTWARE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate TABLEAU SOFTWARE INC (DATA) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been premium valuation based on our review of its current price compared to such things as earnings and book value."

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