TDY (Teledyne Technologies) looks to offer an objective short entry on a break below the 128 support level, which will also have taken the stock below the primary uptrend line following the recent divergent high. As such, TDY will be added as a Short Trade Setup with an entry to be triggered on any break below 128.00. Price targets are T1 at 121.74, T2 at 114.10 & T3 at 110.60. The maximum suggested stop is any move above 134.45 (lower, if only targeting T1 or T2) with a suggested beta-adjustment of 0.90.
TDY daily June 7th