On Thursday, Teradyne stock received an upgrade to its Relative Strength (RS) Rating, from 79 to 82.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Teradyne Stock A Buy?
Teradyne stock has climbed more than 5% past a 99.25 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The chipmaker reported negative growth for both sales and earnings last quarter.
Teradyne stock earns the No. 14 rank among its peers in the Electronics-Semiconductor Equipment industry group. Lam Research and Axcelis Technologies are also among the group's highest-rated stocks.
