Teradyne (NYSE:TER) — The semiconductor group has been a leader this year, but TER has not participated and belongs to a group of stocks that should be sold. One reason for its failure is that earnings are expected to fall to $1.38 (recent lower adjustment) this year versus $1.73 last year.
Despite a rally to over $12 following a break under the quadruple-bottom at $11, its outlook has not improved. If TER again fails to hold at $11 the trading target is $8. Sell TER short at over $12 with a stop-loss at $13.
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