The Relative Strength (RS) Rating for Teradyne moved into a higher percentile Wednesday, as it got a lift from 61 to 73.
Can You Really Time The Stock Market?
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their largest climbs. See if Teradyne can continue to show renewed price strength and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
The company posted negative growth for both the top and bottom lines last quarter.
Teradyne holds the No. 11 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research, Advanced Energy Inds and Nova 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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