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Texas Instrument (TXN) Crosses Pivot Point Resistance at $100.98

By Amy Schwartz

Texas Instrument (NASDAQ:TXN) has opened bullishly above the pivot of $99.90 today and has reached the first level of resistance at $100.98. Analysts will be watching for a cross of the next upside pivot targets of $102.73 and $105.56.

Texas Instrument has overhead space with shares priced $100.46, or 16.4% below the average consensus analyst price target of $120.19. The stock should find initial resistance at its 200-day moving average (MA) of $108.98 and further resistance at its 50-day MA of $109.34.

In the past 52 weeks, Texas Instrument share prices have been bracketed by a low of $91.31 and a high of $120.75 and are now at $100.46, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend is monitoring the recent change of momentum in Texas Instrument. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Texas Instrument in search of a potential trend change.

Keywords: pivot alerts texas instrument

Ticker(s): TXN