Teledyne Technologies Incorporated offers technologies for industrial growth markets such as factory automation, environmental monitoring, and electronics design. Its segments include Digital Imaging (sensors, cameras, and systems across various spectra for diverse applications), Instrumentation (monitoring and control instruments for marine, environmental, , industrial and other applications, and electronic test and measurement equipment), Aerospace and Defense Electronics (electronic components, subsystems, and communication equipment), and Engineered Systems (systems engineering, integration and technology development, and manufacturing solutions).
When researching a stock like Teledyne Technologies, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from TDY Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for TDY stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting TDY RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |