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

By Amy Schwartz

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. The 200-day and 50-day moving averages have moved 0.07% lower and 0.63% lower over the past week, respectively.

Keywords: rebounders texas instrument

Ticker(s): TXN