Recent 52-Week High Exceeded in Shares of Texas Instruments (TXN)
Texas Instruments (NYSE:TXN) traded today at a new 52-week high of $34.66. So far today approximately 3.9 million shares have been exchanged, as compared to an average 30-day volume of 9.6 million shares.
In the past 52 weeks, Texas Instruments share prices have been bracketed by a low of $26.06 and a high of $34.66 and are now at $34.60, 33% above that low price. The 200-day and 50-day moving averages have moved 0.17% higher and 0.56% higher over the past week, respectively.
Texas Instruments (NYSE:TXN) defies analysts with a current price ($34.60) 6.3% above its average consensus price target of $32.43. The stock should find initial support at its 50-day moving average (MA) of $32.61 and further support at its 200-day MA of $29.59.
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.
SmarTrend recommended that subscribers consider buying shares of Texas Instruments on November 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.71. Since that recommendation, shares of Texas Instruments have risen 15.4%. 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