TEXAS INSTRUMENTS INC
(TXN-NYSE):
Technical Viewpoint: From a low
of $16.57 on May 12, 2009 prices
rallied, reaching a
high of $21.85
on Jun 22, 2009. A
decline saw prices pull back, reaching a
low of
$20.11 on Jul 8, 2009.
Another rally saw prices penetrate
resistance, closing 7/17/09
at $23.01. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 15, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $21.65. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 17, 2009. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! Texas Instruments Inc
(TXN-NYSE) @ $23.13 Stop: Use a protective stop of $21.13.
Texas Instruments Inc is currently trading @ $23.01 plus $0.67 on Jul 17, 2009. Price Objective:
$31.00. Risk/Reward: $2.00 VS. $7.87. Today's Risk Reward Ratio: 4:1
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