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

By James Quinn

Shares of Texas Instruments (NYSE:TXN) traded today at $65.00, breaking its 52-week high. Approximately 554,000 shares have changed hands today, as compared to an average 30-day volume of 4.8 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.

Texas Instruments (NYSE:TXN) is currently priced 10.2% above its average consensus analyst price target of $58.32. The stock should find initial support at its 50-day moving average (MA) of $56.98 and further support at its 200-day MA of $53.45.

In the past 52 weeks, shares of Texas Instruments have traded between a low of $43.49 and a high of $65.00 and are now at $64.96, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 0.61% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Texas Instruments on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.79. Since that recommendation, shares of Texas Instruments have risen 22.3%. 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