Texas Instruments Inc. (TXN) – This manufacturer of semiconductors and handheld graphic and scientific calculators has been in a bull market since it bottomed in February at under $15.
Since July, it had been consolidating within a cup-and-handle before breaking from that formation in November.
It is now holding steady on its 50-day moving average following a normal profit-taking pullback.
The stochastic just issued a new buy signal with a trading target of at least $32.
Standard & Poor’s ranks TXN as a “four-star buy.”
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