Long Position on TER @ $49.00 on 3/16/2018 (Momentum)

Teradyne, Inc. (TER) designs, develops, manufactures, sells, and supports automatic test equipment worldwide.

Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.

This segment offers FLEX test platform systems; J750 test system to address the highest volume semiconductor devices; Magnum platform that tests memory devices, such as flash memory and DRAM; and ETS platform for use by semiconductor manufacturers, and assembly and test subcontractors in the analog/mixed signal markets.

This segment serves integrated device manufacturers that integrate the fabrication of silicon wafers into their business; fabless companies that outsource the manufacturing of silicon wafers; foundries; and outsourced semiconductor assembly and test providers.

The company's System Test segment offers defense/aerospace test instrumentation and systems; storage test systems; and circuit-board test and inspection systems. Its Industrial Automation segment provides collaborative robots for manufacturing and light industrial customers.

The company's Wireless Test segment provides test solutions for use in the development and manufacture of wireless devices, smart phones, tablets, notebooks, laptops, peripherals, and Internet-of-Things (IoT) devices under the LitePoint brand name.

Shares have formed a bullish "cup and handle" and higher share prices are expected.

52-Weeks Trading Range: $29.68 - $50.68

Entry Point: $49.00

Stop Loss: $46.55

Target Price: $53.90

Updates

4/13/2018 11:55:19 AM

TER closed at $44

Position closed on 4/13/2018 at price of $44.00 with a -10.20% loss in 28 days.

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