Shares of Texas Instruments Inc (NYSE: TXN) in the News

Seeking Alpha Analyst Since 2009
February 5, 2011
Shares of Texas Instruments Inc (NYSE: TXN) closed on Monday, April 4, at $34.11, down $0.12 cents. TXN had reached $34.96 a week ago, after bottoming back on March 16, but today there was market moving news.
In an announcement after the close, TXN offered to acquire National Semiconductor Corp. (NYSE: NSM) in an all-cash deal worth $6.5 billion, the companies said late Monday. The $25-a-share offer has been approved by the boards of both companies.
Trading was halted for both companies after the close, but there is one way to trade TXN. Look for either a breakout or breakdown.
If TXN can close above $34.96 in coming days, that would be a bullish signal to traders and with Monday’s announcement, the likelihood of a rally in coming weeks would be high.
On the other hand, if TXN breaks down below $33.63 (closing price) we would either short this stock or at least stay away from it.
Fibtimer.com does not currently have a position in Texas InstrumentsKollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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