Cramer's response? "This is the kind of company that works. I'd buy it."
Let's check out the charts.
In this daily bar chart of TEL, below, we can see that prices were cut in half in the February to March coronavirus decline. Prices have rebounded from the middle of March to reach a high in late April. Since this April high we have seen prices trade sideways. TEL is above the bottoming 50-day moving average line and below the declining 200-day moving average line. The daily On-Balance-Volume (OBV) bottoms in March with prices and has rallied since and tells us that buyers of TEL have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line telling us that this advance has some strength to it.
In this weekly bar chart of TEL, below, we see a less than bullish longer-term picture. Prices have been in a downtrend since late 2017 and early 2018. The slope of the 40-week moving average line has been negative for a while now. The weekly OBV line has been in a decline since the middle of 2018 and suggests a significant amount of liquidation (aggressive selling). The MACD oscillator is just now crossing to the upside for a cover shorts buy signal.