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Texas Instruments Incorporated (TXN) – stock is trading around $130.14 dollars as of October, 07, 2019 and offering a possible buying price between $129.74 – $136.23. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout back in early February.
3. The stock nicely rallied after that.
4. However, the stock witnessed a reaction after that and pretty much gave up all the gains. It also gave up the 50 day moving average support.
5. The stock then rallied, and witnessed a rock solid breakout. But, it gave up all the gains in the following week.
6. The stock is successfully tested the 50 DMA, now and also found support during this run, as well.
7. The stock is offering possible buying price between $129.74 – $136.23, with a stop loss at $119.36.
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