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Chipmaker Teradyne Stock Shows Rising Relative Strength

On Thursday, chipmaker Teradyne (TER) got an upgrade to its Relative Strength (RS) Rating, from 68 to 71.




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When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating identifies technical performance by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Teradyne can continue to show renewed price strength and clear that threshold.


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Is Teradyne Stock A Buy?

Teradyne stock is working on the right side of a consolidation. It’s now considered extended and out of buy range after clearing a 93.27 buy point in a first-stage cup with handle back in October.  See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

The company reported 25% earnings growth in its most recent report. Revenue gains came in at 16%. The company is expected to report its latest earnings and sales numbers on or around Apr. 21. It has 96 Composite Rating.

The company earns the No. 18 rank among its peers in the Electronics-Semiconductor Equipment industry group. ASML Hldgs (ASML) and Brooks Automation (BRKS) are also among the group’s highest-rated stocks. For more industry news, check out “Chip Stocks And Semiconductor Industry News.

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