Texas Instruments - Chart of the Day

Texas Instruments (TXN) is the Barchart Chart of he Day.  The semiconductor company has a Trend Spotter by signal, a Weighted Alpha of 3671+ and gained 38.02% in the last year.

The Chart of the Day belongs to Texas Instruments (TXN).  I found the semiconductor stock by using Barchart to sort today's Top Stocks to Own list first by the most frequent number of new highs in the last month, then I used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 8/30 the stock gained 13.77%.

Texas Instruments Incorporated operates through two segments, Analog and Embedded Processing. The Analog segment offers high volume analog and logic products for automotive safety devices, touch screen controllers, low voltage motor drivers, and integrated motor controllers; and power products to manage power requirements using battery management solutions, portable power components, power supply controls, and point-of-load products. The Embedded Processing segment offers processors, including digital signal processors and applications processors; microcontrollers, such as self-contained systems with a processor core, memory, and peripherals that are designed to control a set of specific tasks for electronic equipment; and connectivity products that enable electronic equipment to connect and transfer data wirelessly. It also provides DLP products primarily used in projectors to create high-definition images; calculators; and application-specific integrated circuits.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 96% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 18 new highs and up 13.10% in the last month
• Relative Strength Index 82.68%
• Technical support level at 92.37%
• Recently traded at 93.61 with a 50 day moving average of 84.89

Fundamental factors:

• Market Cap $91.70 billion
• P/E 24.83
• Dividend yield 2.15%
• Revenue expected to grow 9.70% this year and another 3.60% next year
• Earnings estimated to increase 24.00% this year, an additional 4.10% next year and continue to compound at an annual rate of 10.48% for the next 5 years
• Wall Street analysts issued 10 strong buy, 2 buy and 11 hold recommendations on the stock