XCSFDHG46767FHJHJF
tdp2664 InvestorPlace 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 :
No comments:
Post a Comment