Texas Instruments: Standing Aside as I Await More Evidence

We looked in on Texas Instruments Inc. (TXN) at the beginning of February where I wrote, "Longer-term holders of TXN have a lot of profits built up and you can never know when or why investors might want to nail down those profits. It is a risk that you probably cannot quantify. I continue to recommend that longs protect their positions." Our Point and Figure chart nailed the downside price target - "In this Point and Figure chart of TXN a possible downside price target of $97.12 is shown."

Prices have rallied back the past few weeks and the indicators have improved. Is this enough to sound the all-clear horn? Let's check....248 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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