Stock Picks – Texas Instruments Inc-TXN

by Sam Collins | December 19, 2009 4:12 am

Texas Instruments Inc. (TXN[1]) – This manufacturer of semiconductors and handheld graphic and scientific calculators has been in a bull market since it bottomed in February at under $15.

TXN Chart

Chart Legend

Since July, it had been consolidating within a cup-and-handle[2] 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.”

Your Guide to Profiting From Asia’s Explosive Growth
For access to the best-kept secrets about investing in China and the rest of Asia, plus the hottest stocks to buy and sell, sign up now for Robert Hsu’s FREE investing newsletter, Asia Insider. It’s sent right to your e-mail inbox every week — absolutely FREE![3]

Links in this item:

TXN: http://studio-5.financialcontent.com/investplace/quote?Symbol=txn
cup-and-handle: http://www.optionszone.com/learn-more/john-lansing/chart-analysis-cup-and-handle-pattern.html
It’s sent right to your e-mail inbox every week — absolutely FREE!: http://www.optionszone.com/order/?sid=EK3116

Source URL: http://www.investorplace.com/2009/12/stock-picks-texas-instruments-inc-txn/
Short URL: http://www.investorplace.com/?p=5970