Teledyne (TDY) breaks out

Question: Thoughts on TDY here post earnings? Could we be working on another breakout? Thanks

Yes, Teledyne Technologies (TDY) has broken out following today’s post-earnings upside gap. The gap higher completes an early-October to late-January base, and the move is constructive from both a price and volume perspective.

Holding above the prior early-October high near 596, and more importantly above the high-volume upside gap zone from 592 down to 580, would keep this bullish post-earnings breakout intact. Because the gap cleared well-defined resistance on expanding volume, it has the characteristics of a bullish breakaway gap rather than an exhaustion move.

As long as the 592–580 support zone holds, TDY shows upside potential to 660 (the 100% extension of the April–October 2025 rally projected from the late-November low) and then toward 708 based on the broader pattern count.

Chart 1: Teledyne Technologies (TDY) (top) and relative to the S&P 500 (bottom)