TimerFrank's  Instablog

Send Message
Frank started market timing in 1982 when the Federal Reserve cut interest rates and sparked the 1980’s bull rally. Realizing that this rally could have been forecasted, he began to search for indicators which had similar forecasting ability. Within a year, his first newsletter was launched,... More
My blog:
Market Timing Pro
  • New Highs For Texas Instruments Inc (NYSE: TXN)  0 comments
    Mar 26, 2012 4:08 PM | about stocks: TXN

    March 27, 2012

    Shares of Texas Instruments Inc (NYSE: TXN) had made a nice run higher into January, and at the time it looked like the stock was ready to take off. But until Monday, March 26, the stock was unable to continue higher.

    Texas Instruments is a global analog and digital semiconductor IC design and manufacturing company. In addition, to analog technologies, digital signal processing and microcontroller semiconductors, it designs and manufactures semiconductor solutions for analog and digital embedded and application processing.

    Texas Instruments closed just short of $33.93 a share on January 18 and then was unable to move higher for over two months. The $33.75-33.90 level has been an extremely effective resistance level.

    Chart Courtesy of StockCharts.com

    Texas Instruments finally closed above this level on Monday, March 26 and looks poised to move higher in a strong technology sector.

    Look for prices to reach $36.56 over coming weeks. This was the 2011 closing high.

    Texas Instruments has strong support at $32.00 a share, the lows of the last early march correction.

    The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in Texas Instruments.

    Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market and the 2008-2009 bear market his bearish positions resulted in substantial gains, all achieved by trading trends.

    Disclosure: I am long TXN.

    Stocks: TXN
Back To TimerFrank's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.