• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Teradyne Inc After 1.28% Gain

By Amy Schwartz

Teradyne Inc (NYSE:TER) traded in a range yesterday that spanned from a low of $39.10 to a high of $39.73. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $39.25 on volume of 866,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Teradyne Inc has traded in a range of $29.88 to $50.68 and is now at $39.67, 33% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Teradyne Inc on May 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.75. Since that recommendation, shares of Teradyne Inc have risen 3.6%. We continue to monitor TER for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Teradyne Inc

Ticker(s): TER