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SmarTrend Watching for Potential Rebound in Shares of Texas Instrument After 1.16% Loss

By David Diaz

Texas Instrument (NASDAQ:TXN) traded in a range yesterday that spanned from a low of $93.68 to a high of $95.37. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $95.99 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Texas Instrument share prices have moved between a 52-week high of $120.75 and a 52-week low of $87.90 and are now trading 9% above that low price at $96.11 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Keywords: rebounders texas instrument

Ticker(s): TXN