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Stock Investors Sell Off Shares of Texas Instruments, Down 1.8%

Published on Tue, 01/29/2013 - 11:26
By Peter Chu

Texas Instruments (NYSE:TXN) is a company whose shares are active, trading 1.8% lower to $32.45. The S&P is currently trading fractionally higher to 1,502 and the Dow Jones Industrial Average is trading 0.2% higher to 13,917.

Based on a current price of $32.45, Texas Instruments is currently 1.9% above its average consensus analyst price target of $31.83. The stock should discover initial support at its 50-day moving average (MA) of $30.97 and subsequent support at its 200-day MA of $29.42.

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.

Over the past year, Texas Instruments has traded in a range of $26.06 to $34.24 and is now at $32.45, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

By Peter Chu
pchu@fnno.com