Sunday, June 11, 2006

another good time to buy txn

TXN is back to its lower level of its trading range. The chart shows its well below its 200 day moving average. Investors who have bought the stock before at levels below the 200 DMA have been rewarded well in the short term in the last year. The market also had a bad week when TXN had good news in its mid-quarter update. I see this stock back to $35 before the company reports its quarterly earnings.

Chart

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