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Recent 52-Week High Exceeded in Shares of Texas Instruments (TXN)

By David Diaz

Shares of Texas Instruments (NYSE:TXN) traded at a new 52-week high today of $54.58. So far today approximately 393,000 shares have been exchanged, as compared to an average 30-day volume of 7.1 million shares.

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.

Based on a current price of $54.40, Texas Instruments is currently 6.6% above its average consensus analyst price target of $50.80. The stock should find initial support at its 50-day moving average (MA) of $48.47 and further support at its 200-day MA of $47.23.

Over the past year, Texas Instruments has traded in a range of $40.33 to $54.58 and is now at $54.40, 35% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Texas Instruments on October 22nd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.14. Since that recommendation, shares of Texas Instruments have risen 15.3%. We continue to monitor TXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Texas Instruments

Ticker(s): TXN