Texas Instruments Incorporated

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TXN is holding support after the gap and looks poised to bounce

gapped down and fell on earnings day with high volume, but the stock immediately stabilized and found support. Notice how broken resistance and the August low mark a clear support zone. The long-term trend is still up and there are also two bounces off the 116 area in late October. Semiconductors are strong overall and I expect TXN to continue higher.

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Choose a Strategy, Develop a Plan and Follow a Process
-Arthur Hill, CMT

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trendinvestorpro

Choose a Strategy, Develop a Plan and Follow a Process
-Arthur Hill, CMT

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