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Teradyne Bullish Moving Average Crossover Alert (TER)

By Amy Schwartz

Today, shares of Teradyne (NYSE:TER) have crossed bullishly above their 10-day moving average of $35.55 on a volume of 227K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Teradyne has traded in a range of $16.06 to $36.59 and is now at $35.73, 122% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Teradyne on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.01. Since that recommendation, shares of Teradyne have risen 76.1%. We continue to monitor TER for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Teradyne

Ticker(s): TER