TXN trading range

TXN is moving between 31 and 34. It's a good opportunity to make a short term ten percent gain or to make bigger profits with a call option at 30 or 35. The resistance level around the high 34s will take a while to break. Analysts price estimates are around 37. Positive news from TXN or an analyst upgrade would move the stock upward; otherwise, the stock doesn't appear to be able to reach higher levels by trading alone. Another factor holding the stock back is the reelback in the market recently. The price of Texas Instruments has also dipped below the 50 day movig average for the first time in two months.