TER has been on an absolute heater lately. Just look at the chart: last May we were scraping around 75, and now it’s over 345 after a series of face melting runs and shallow pullbacks. Momentum like this doesn’t come from nowhere. My target is a short term 405.42 and honestly, considering the last few weeks, that might be conservative.
The bull case is pretty straightforward: earnings have consistently beat, and the most recent guidance didn’t disappoint. They’re getting outsized benefit from sector tailwinds, and every time there’s a dip, buyers step right in. Volume isn’t drying up either. There’s nothing about this tape that says it’s topping out for good, even though we’re way above last year’s range.
If you’re looking for a risk, it’s pretty simple: you don’t get vertical moves like this without inviting a nasty correction. A round of profit taking or a surprise macro headline could smack this thing down 15 percent in a few sessions. But I’m betting the velocity isn’t done yet. Catalysts? Next earnings report in a few weeks could be a rocket if they come in hot again, and there’s been chatter about new contract wins dropping soon.
This isn’t a hold forever play. It’s a momentum ride with eyes glued to the exits if sentiment flips. But with the way this has been grinding higher and still catching FOMO volume, I’m not stepping aside for the next leg up.
