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Texas Instruments Crosses Above its 10-day MA (TXN)

By David Diaz

Texas Instruments (NYSE:TXN) crossed over its 10-day moving average of $79.64 on a volume of 985K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Texas Instruments share prices have been bracketed by a low of $43.49 and a high of $82.92 and are now at $80.22, 84% above that low price. 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 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 50.5%. 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