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Texas Instruments (TXN) Crosses Pivot Point Support at $79.88

By Nick Russo

Shares of Texas Instruments (NYSE:TXN) opened today below their pivot of $80.39 and have already reached the first level of support at $79.88. Investors may be interested in a cross of the next downside pivot targets of $79.01 and $77.63.

In the past 52 weeks, Texas Instruments share prices have been bracketed by a current low of $0.00 and a high of $82.44 and are now at $0.00. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

There is potential upside of 0.0% for shares of Texas Instruments based on a current price of $0.00 and an average consensus analyst price target of $82.41. Texas Instruments shares should first meet resistance at the 200-day moving average (MA) of $53.45 and find additional resistance at the 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 53.0%. 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