Semi Stock Coiling in Tight Range as Sector Leads Higher
Teradyne (TER) shares are getting ready to break a small trendline inside of value area and saw a MACD bull crossover this week confirm the momentum shift higher as Semiconductor stocks leading the Tech sector higher off the recent lows. TER held very firm at the YTD VWAP and 55 day EMA this month coiling in a tight range and back above the key 103.30 bottom of value. Upside to 110 likely as a first target and if can breakout above value then can see a bigger move to 120.