Shares of Texas Instruments Have Risen Above Previous 52-Week High

Published on Tue, 02/17/2015 - 16:06
By Robert Cotter in 52 Week high-lows, TXN, 52 week high/lows, nyse:txn, texas instruments

Shares of Texas Instruments (NYSE:TXN) traded today at $58.15, breaking its 52-week high. This new high was reached on approximately average trading volume as 5.7 million shares traded hands, while the average 30-day volume is approximately 5.9 million shares.

Texas Instruments share prices have moved between a 52-week high of $58.15 and a 52-week low of $41.47 and are now trading 40% above that low price at $58.05 per share. The 200-day and 50-day moving averages have moved 0.50% higher and 0.43% higher over the past week, respectively.

Based on a current price of $58.05, Texas Instruments is currently 0.9% above its average consensus analyst price target of $57.53. The stock should find initial support at its 50-day moving average (MA) of $54.26 and further support at its 200-day MA of $49.49.

Texas Instruments Incorporated is a global semiconductor company that designs and supplies analog technologies, digital signal processing (DSP) and microcontroller (MCU) semiconductors. The Company also operates materials and controls, and educational and productivity solutions businesses. Texas Instruments has manufacturing or sales operations in countries around the world.

By Robert Cotter
rcotter@fnno.com

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