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Technical Analysis
- 11/19/2009 8:56:27 AM
By Chip Brian, SmarTrend Analytics Team
Texas Instruments (NYSE:TXN) downgraded to Neutral, lowered price target to $27 from $33, at BofA/Merrill. The stock closed yesterday at $25.75 on volume of 10,739,742 shares, below average daily volume of 16,180,085.
Texas Instruments is currently above its 50-day moving average of $23.94 and above its 200-day moving average of $20.58.
SmarTrend is bullish on shares of TXN and our subscribers received an Uptrend alert on November 10, 2009 at $24.92, which has returned 3.3% to date.
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