TERADYNE INC
(TER-NYSE):
Technical Viewpoint: From a low
of $18.22 on Oct 3, 2003 prices
rallied, reaching a
high of $26.31
on Dec 16, 2003. A
decline saw prices pull back, reaching a
low of
$21.75 on Dec 16, 2003.
Another rally saw prices penetrate
resistance, closing 1/15/04
at $30.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 24, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $28.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 15, 2004. A P&F upside
reversal takes place at $28.50. Summary: Technical indicators have turned bullish. BUY! TERADYNE INC
(TER-NYSE) @ $30.13 Stop: Use a protective stop of $28.13.
TERADYNE INC is currently trading @ $30.00 plus $3.38 on Jan 15, 2004. Price Objective:
$38.50. Risk/Reward: $2.00 VS. $8.38. Today's Risk Reward Ratio: 4:1
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