The Dow Jones Industrial Average ( DJI ) is sitting almost exactly on top of
its horizontal daily 200-day moving average. Which way will the pendulum swing
next bullish or bearish? No one can say with any certainty. When the Dow is
facing this kind of dilemma, sometimes a stock will get caught in the same
conundrum. One of those stocks is Texas Instruments (NYSE: TXN ), which is
currently trading at $31.79 and looking like it's on the verge of a breakout
to the upside. TXN is one of the biggest computer chipmakers out there. And
after a slowdown in IT spending, things may be starting to improve. The company,
which has clients such as Apple (NASDAQ: AAPL ) and Motorola (NYSE: MMI ), said
that its inventory lately has been consistent with the demand of its product,
which points to increased demand. Technically speaking, the stock gained over 2%
on a bearish Friday and was halted by its horizontal 200-day moving average. The
Dow is basically right at the same area on its chart. If TXN can get over and
hold the 200-day moving average just like the Dow, it would trigger a breakout
to the upside, which can construed as a bullish sign. Here's how to make a
short-term play for quick returns on an upward move. The trade :
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