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Texas Instruments Bullish Moving Average Crossover Alert (TXN)

By Amy Schwartz

Texas Instruments (NYSE:TXN) crossed over its 10-day moving average of $80.33 on a volume of 560K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Texas Instruments has traded in a range of $43.49 to $82.92 and is now at $80.43, 85% 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 0.6%.

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 51.7%. We continue to monitor TXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Texas Instruments

Ticker(s): TXN