Shares of Teradyne, Inc. (TER) were pulling back Wednesday. Should traders use this correction to become a buyer or is there a trend change happening? Let's check out the chart of this manufacturing automation company.
In this daily bar chart of TER, below, I can see that prices have pulled back to retest the rising 50-day moving average line. Prices are comfortably above the rising 200-day line at this point in time. The trading volume looks like it has been more active in the past three months.
The On-Balance-Volume (OBV) line has been stalled in the past month. The Moving Average Convergence Divergence (MACD) oscillator is still above the zero line but has been correcting since the middle of June.