Coming back to the resistance at USD 20 may stimulate price's relapse toward the support.
From a fundamental viewpoint, analysts have revised downward their 2015's EPS estimates. This situation could feed some profit taking in the short run.
After a bullish period on latter sessions toward the midterm resistance at USD 20, prices may consolidate on this area and return to the USD 18.96 support. As the resistance represents a key level, a bearish scenario could be preferred although the breakout over this threshold would invalidate all bearish anticipations.
Most active investors could open sellers positions on Teradyne close to USD 20. The target being set at USD 18.966, a stop loss could be placed at USD 20.52, threshold that would invalidate the bearish strategy.
Teradyne, Inc. specializes in the development, manufacturing and marketing of automatic test equipments. Net sales break down by family of products as follows:
- semiconductor tester (72.4%);
- system testing solutions (13.1%): testers of integrated circuit, digital network cards, electronic modules, military and aerospace instruments, car diagnostic systems, etc.;
- industrial automation solutions (9%);
- wireless test solutions (5.5%): for mobiles devices and equipments manufacturers (smart phones, tablets, laptops, etc.).
Net sales break down by source of income into sales of products (86.2%) and services (13.8%; consulting, development, training and technical support services).
Net sales break down geographically as follows: the United States (10.3%), Taiwan (37.8%), China (14.9%), Korea (12.5%), Europe (6.6%), Japan (4.6%), Thailand (4.4%), Singapore (2.4%), Philippines (2.2%), Malaysia (1.8%) and other (2.5%).
TERADYNE, INC. 
