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Texas Instruments: The Winning Streak Continues (TXN)

Published on Mon, 05/06/2013 - 14:30
By Robert Cotter

Shares of Texas Instruments (NYSE:TXN) traded today at $37.25, breaking its 52-week high. This new high was reached on below average trading volume as 4.4 million shares traded hands, while the average 30-day volume is approximately 9.9 million shares.

Texas Instruments (NYSE:TXN) defies analysts with a current price ($37.19) 11.6% above its average consensus price target of $32.87. The stock should find initial support at its 50-day moving average (MA) of $35.09 and further support at its 200-day MA of $31.18.

In the past 52 weeks, Texas Instruments share prices have been bracketed by a low of $26.06 and a high of $37.25 and are now at $37.19, 43% above that low price. The 200-day and 50-day moving averages have moved 0.77% higher and 0.89% higher over the past week, respectively.

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