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TEXAS INSTRUMENTS
(TXN-NYSE):
Technical Viewpoint: From a low
of $28.25 on Feb 23, 2001 prices
rallied, reaching a
high of $37.40
on Mar 6, 2001. A
decline saw prices pull back, reaching a
low of
$30.17 on Mar 12, 2001.
Another rally saw prices penetrate
resistance, closing 3/22/01
at $37.87. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 5, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at $41.00.
Point & Figure: Reversed to the upside on Mar 22, 2001. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! TEXAS INSTRUMENTS
(TXN-NYSE) @ $38.62 Stop: Use a protective stop of $35.87.
TEXAS INSTRUMENTS is currently trading @ $37.87 plus $2.75 on Mar 22, 2001. Price Objective:
$51.00. Risk/Reward: $2.75 VS. $12.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$51.00
Risk/Reward:
$2.75 VS. $12.38
Risk/Reward Ratio:
4:1
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