When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Teradyne just cleared that benchmark with an upgrade from 79 to 86.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest runs.
Teradyne is now considered extended and out of buy range after clearing a 113.60 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Teradyne reported negative growth for both sales and earnings last quarter.
The company holds the No. 15 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research, Advanced Energy Inds and ASML Holding are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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