TER ready to move higher after using the 2000 highs as support?

NASDAQ:TER   Teradyne, Inc.
* Exceptional earnings
* Strong up trend
* High 3-month relative strength in the Tech sector
* Breaking out of a ~1 year base with higher than average volume
* Recently used $104.88 as support which was the high from the 2000's
* Broke base resistance ($147.46) and has been using it as support for the past
12 days
* Maximum probable ROI would be ~41.84%

Trade Idea:
* Great time to enter as the price is bouncing off of the broken resistance and isn't too far away.
* If you're looking for a slight discount you can look for an entry near the $147.46 area since that should serve as support moving forward.


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