Chart of the Day: TXN Downgrade Ahead of Earnings
Schwab Network · Schwab Network
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Show Notes
Barclays announced a downgrade for Texas Instruments (TXN) as shares hover above 52-week lows before Wednesday's earnings report. Rachel Dashiell examines the technical patterns in the semiconductor stock, citing an old support zone around $170 which is well above Barclays new price target of $125. On the longer-term chart, Rachel points to a support zone at $140 and a Relative Strength Index (RSI) study tipping downward.
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