In this first chart of TER, above, we can see how an upside breakout is shaping up. First, TER only made a shallow summer decline. It rebased around $17 and rallied over the 50-day simple moving average. Buying dips to the 50-day have been a profitable strategy. The On-Balance-Volume (OBV) line is rising with the price action, confirming the strength of the advance. Also, we can see a September/October bullish divergence between the double bottom at $17 and the higher readings for the momentum study.
In this second chart of TER, above, we see the longer-term prospects for this stock. TER has been in a $16-$21 range for about two years. The OBV line is positive, and the Moving Average Convergence Divergence oscillator just gave a crossover below the zero line. TER is also above the 40-week moving average. The height of this two-year consolidation is $5 so that distance needs to be added to the breakout point for an upside target. A close above $21.25 should do it, giving us a $26 target. Use an appropriate sell-stop from your entry point.