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Texas Instruments Inc. (Friday’s close US$129.46) rallied from US$46.73 in January, 2016, to US$120.75 in January, 2018, (A-B) and then stayed below US$120 for the subsequent year and a half (dashed line). The recent move above US$120 signalled the resumption of the up-trend toward higher targets (C).

Behaviour indicators including the rising 40-week Moving Average (40wMA) and the rising trend-line (solid line) confirm the bullish status. There is good support near ±US$120, but only a sustained decline below the 40wMA (currently near ±US$115) would be negative.

Point & Figure measurements provide targets of US$145 and US$160. Higher targets are visible.

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updated rb-gi-meisels-1019stock

Monica Rizk is the senior Technical Analyst and Ron Meisels is the president of Phases & Cycles Inc. (www.phases-cycles.com). And he tweets at @Ronsbriefs. They may hold shares in companies profiled.

Chart source: www.decisionplus.com

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 2:00pm EDT.

SymbolName% changeLast
TXN-Q
Texas Instruments
+0.53%173.79

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