• Return to Headlines

After Yesterday's Rally of 1.67% Shares Could Potentially Pullback

By Amy Schwartz

Texas Instrument (NYSE:TXN) traded in a range yesterday that spanned from a low of $77.31 to a high of $78.20. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $77.69 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Texas Instrument share prices have been bracketed by a low of $58.61 and a high of $84.65 and are now at $78.13, 33% 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 its subscribers protect gains by selling shares of Texas Instrument on June 15th, 2017 by issuing a Downtrend alert when the shares were trading at $79.81. Since that call, shares of Texas Instrument have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders texas instrument

Ticker(s): TXN