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Texas Instruments (TXN) Approaches New Downside Target of $68.69

By Nick Russo

Shares of Texas Instruments (NYSE:TXN) have bearishly opened below the pivot of $69.45 today and have reached the first support level of $68.97. Should the shares continue to fall, the support pivots of $68.69 and $67.93 will be of interest.

Texas Instruments share prices have moved between a 52-week high of $72.58 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Potential upside of 0.0% exists for Texas Instruments, based on a current level of $0.00 and analysts' average consensus price target of $58.32. The stock should find initial resistance at its 200-day moving average (MA) of $53.45 and further resistance at its 50-day MA of $56.98.

SmarTrend recommended that subscribers consider buying shares of Texas Instruments on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.79. Since that recommendation, shares of Texas Instruments have risen 31.2%. We continue to monitor TXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Texas Instruments

Ticker(s): TXN