Marked Improvement for Texas Instruments
Texas Instruments (TXN) is beginning the month with a healthy 3.5% gain. The semiconductor giant appears headed for its first close back above a heavy 50-day moving average since early April. A healthy basing pattern that has been under way since the start of June may be giving way to a substantial recovery rally.
TXN took a heavy hit as April began linking together five straight lower monthly lows in the process. At last month's lows, the stock had dropped nearly 25% from the first-quarter triple top at $34.00. With a deeply oversold reading and solid support near $27.00 tested in July, TXN had bottomed out....204 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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