Two Trading Ideas for Texas Instruments (TXN)

11/16/2009 11:27 am EST


Tim Bourquin

Co-Founder, The Traders Expo and The Futures & Forex Expo

Texas Instruments (TXN) has had a nice run to the upside this past week. However, decreasing volume for the past four trading days, combined with candles that appear exhausted indicate the move will take a rest.

I would suggest a quick short down to the $25 level. However, once the stock reaches $25, I would wait to see if it will bounce off that level or continue down. 

The stock appears to have difficulty each time it reaches the $25-$26 level sustaining the move.

Whether this is the breakout move to finally push past remains to be seen.

Click to Enlarge

By Tim Bourquin, Trading Content Director,


  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS