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Watch for Teledyne Tech to Potentially Pullback After Gaining 1.34% Yesterday

By Shiri Gupta

Teledyne Tech (NYSE:TDY) traded in a range yesterday that spanned from a low of $319.44 to a high of $325.76. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $321.79 on volume of 136,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Teledyne Tech and will alert subscribers who have TDY in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Teledyne Tech has traded in a range of $189.35 to $325.76 and is now at $324.99, 72% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.4%.

Keywords: rebounders teledyne tech

Ticker(s): TDY