Tibco Software Inc (TIBX): Time to take profit


Tibco Software (TIBX) is among the ‘longest’ stock that I have held.

Currently, TIBX is trading at around $24.

On the Ichimoky Daily Chart, we can see that

1. The Chikou Span may pierce through the price level. While this has not happen yet, and there is a chance it will bounce off the support at around $24

2. For the past 3 trading days, TIBX has been trading below the Kijun sen (trendline). This suggest weakness.

3. On top of that, we can see that the leading kumo is flattening which suggest that the momentum is probably slowing down. This is further supported by the flat Tenkan sen and Kijun sen as well.

4. With a flattening price, we can see that the Tenkan sen and Kijun sen is very close together. Any sharp downturn will likely see a bearish cross confirmation.

It is with the above in mind, that I decided to take my profit off the table and close my long position on TIBX.


Tibco Software (TIBX) : 52 week high

This is my slow and steady long position.

TIBCO (TIBX) has just breakout of its 52 week resistance.

We will know by the end of the day if it comes with greater volume and if it manage to stay above the previous 52 week high.


Tibco Software (TIBX) : Will TIBX be acquired?

I have always been impressed with Tibco; not with its stock price but at its portfolio of products and services.

Competitors that I can think of includes Oracle, IBM, and Progress Software.

TIBX is in a very nice position where there exists very few players and they are among the pack of leaders…..which makes them a good acquisition candidate.

But, more interesting today is TIBX price action. While the general market retraces a bit, TIBX continue its march upwards.

At mid-day, it has already matched its average volume.

Perhaps Fujitsu might be interested? Or will SAP gobbled up TIBX?