AI
Wednesday, April 25, 2018 11:40:04 AM
Teradyne Inc (NYSE:TER) is leading manufacturer of test systems for the automotive industry, data communications, semiconductors, and complex electronic systems. Earlier today, the company reported earnings that are not being well received by the markets. TER stock is trading lower by 14.4 percent to $35.50 a share. The stock is now trading below its important 200-day moving average. This indicates chart weakness and likely further downside in the near term. Traders should now watch for short term daily chart support around the $32.35 level. This support area will be where the 100-week moving average is at. It also coincides with chart support from July 2017. Often, this combination will serve as a bounce level for the stock.
Nicholas Santiago
InTheMoneyStocks
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