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Texas Instruments Bearish Moving Average Crossover Alert (TXN)

By Shiri Gupta

Texas Instruments (NYSE:TXN) shares have crossed bearishly below their 10-day moving average of $81.20 on a volume of 578K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Texas Instruments share prices have moved between a 52-week high of $84.65 and a 52-week low of $43.49 and are now trading 85% above that low price at $80.50 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Texas Instruments. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Texas Instruments in search of a potential trend change.

Keywords: moving crosses Texas Instruments

Ticker(s): TXN