Dumping Texas Instruments (TXN)

Posted in Uncategorized 
December 9th, 2009

Texas Instruments Incorporated (NYSE: TXN) traded down last last night as the “raised guidance” was already baked into the cake.  In the after-hours the stock traded down 2.24% to $25.74 and it traded almost 280,000 shares. Shares at 8:02 AM EST are down 2.8% from teh closing price and at $25.59 on 35,000 shares.  As the 52-week trading range is $13.70 to $27.00, it is of little surprise to see some profit taking.  This came on the heels of many communications chip companies raising guidance.  As far as support levels, $25.50 has been a pivot area in the last month, and if things get worse for TI shares its 50-day moving average is all the way down at $24.28.


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