Wednesday, May 23, 2012

Texas Instruments Holds Steady. Watch This Bounce Area

Texas instruments Inc.(NYSE:TXN) is a leading semiconductor stock that is trading higher by 0.41 cents to $33.76 a share. The stock has pulled back from its first hour high of $34.12 a share. Traders can watch for short term intra-day support around the $33.50 area. This level should see a small bounce. The next important support level for TXN stock will be at the $33.30 level which is another small intra-day bounce area.

Nicholas Santiago
InTheMoneyStocks.com



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InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
Nicholas Santiago


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