Texas Instruments (TXN) May Test Lower Level Of $23.48
By Mark Moneymaster
March 09, 2010 12:17 PM
March 09, 2010 12:17 PM
Symbols: TXN
Texas Instruments Inc. (NYSE: TXN) on Monday tamed down its sales and earnings outlook for the first quarter this year. The chip maker Texas Instruments (TXN) said it now expects revenue in the range of $3.07 billion to $3.19 billion, compared with a previous range of $2.95 billion to $3.19 billion.
With this, Texas Instruments (TXN) breached below its 20 day MA and 50 day MA after a gap down opening. Texas Instruments (TXN) will now test its next support level at $23.48, which is its 200 day MA support.
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