• Return to Headlines

Texas Instrument Falls 1.95% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Texas Instrument (NASDAQ:TXN) traded in a range yesterday that spanned from a low of $116.06 to a high of $117.55. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $117.91 on volume of 1.9 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.

Over the past year, Texas Instrument has traded in a range of $87.70 to $132.20 and is now at $116.89, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Keywords: rebounders texas instrument

Ticker(s): TXN