Teradyne Inc. (TER) has been trading sideways since early April but now the stock is at the upper end of its price range and looks poised for an upside breakout.
Let's check out the charts and indicators of this maker and developer and supplier of automatic test equipment.
In the daily bar chart of TER, below, we can see that prices have traded sideways for nearly two months. TER is above the rising 200-day moving average line. Notice how nicely the bottoming 50-day moving average line acted as support in recent weeks?
The daily On-Balance-Volume (OBV) line shows lower highs from late March and the Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since the middle of April and looks like it is turning higher again.
In the weekly bar chart of TER, below, we see a picture that could soon strengthen. Prices are just a shade above the rising 40-week moving average line.
The weekly OBV line has been steady the past three months and the MACD oscillator is poised to cross the zero line on the upside.