• Return to Headlines

After Yesterday's Rally of 1.73% Shares Could Potentially Pullback

By James Quinn

Texas Instrument (NYSE:TXN) traded in a range yesterday that spanned from a low of $81.89 to a high of $83.69. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $82.20 on volume of 3.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Texas Instrument share prices have moved between a 52-week high of $84.65 and a 52-week low of $58.61 and are now trading 43% above that low price at $83.52 per share. 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 is tracking the current trend status for Texas Instrument and will alert subscribers who have TXN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders texas instrument

Ticker(s): TXN