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Next Support Level for Teradyne (TER) is $16.53

Published on Fri, 03/01/2013 - 13:39
By Peter Chu

Shares of Teradyne (NYSE:TER) opened today below their pivot of $16.82 and have already reached the first level of support at $16.65. Investors may be interested in a cross of the next downside pivot targets of $16.53 and $16.24.

Teradyne, Inc. designs, manufactures, sells, and supports semiconductor test products and services on a world wide basis. The Company's test equipment products and services include: semiconductor test systems, military/aerospace test instrumentation and systems, circuit-board test and inspection systems and automotive diagnostic and test systems.

There is potential upside of 18.5% for shares of Teradyne based on a current price of $16.61 and an average consensus analyst price target of $19.68. The stock should find resistance at its 50-day moving average (MA) of $16.85, as well as support at its 200-day MA of $15.31.

Teradyne share prices have moved between a 52-week high of $18.01 and a 52-week low of $12.95 and are now trading 28% above that low price at $16.61 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

By Peter Chu