Watch This Leading Chip Stock At This Level
InTheMoneyStocks.com | Sep 11, 2018 01:43PM ET
Texas Instruments (NASDAQ:TXN) has been declining since late January 2018. At that time, the stock traded as high as $120.75 a share. Today, the stock is trading at $107.15. Traders and investors should note that TXN is still holding its 50-week moving average around $107. A weekly chart close below this key support level would indicate another decline is in store for the shares.h3 Support Watch/h3
The next major support level for TXN will be around $100. That's where it was defended in April and will be the next major support level for the stock. I will be watching TXN closely at this level for a solid buying opportunity.
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