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Everything is bigger in Texas, including |
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their calculator behemoth TXN. |
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Released on Monday, December 12, 2011, 8:00 AM ET
Pittsburgh, PA (SpeculatingStocks) - Everything is bigger in Texas, including their calculator behemoth Texas Instruments Inc. (NYSE:TXN), which has had a hiccup on Friday, December 9th, 2011, when its board released a guidance lowering the fourth quarter outlook. But surprisingly, the stock price didn't take a huge bite, in fact, despite starting about a dollar and a half lower at the outset of the day, the stock proceeded to crawl back up to the previous day’s range and 10-day support around $30 per share. TXN is trading at $29.94 a share at the moment (7:52 PM EST, December 9th, 2011).
But what's really nice is that analyst have opened up a whole a linebacker could drive a truck through, with many placing a 'buy' status and others upgrading it to out preforming the market. Among those include JPM, Oppenheimer,Wedbush, and Needham & Company. And even more touching is the expected boom on Wall Street from the recent deal struck in Europe delegating budget oversight to a central European authority. However, the numbers are scattered, some analyst are predicting as high as $36.00 a share, others are scoping for right around where it is right now.
Texas Instruments not only deals in calculators, as is their best known product, but also in the semi-conductor industry, a booming sector which shows promise as areas of the world such as India and China provide an ever increasing demand for micro-processor facilitated items and the power of a semi-conductor to add the necessary boost to a systems computing power.
Technical indicators provide little help on the matter however. The MACD has now crossed over the EMA slightly, providing for a measurable upward momentum, but the RSI shows that the stock recently became over-bought after Friday's resurgence in stock price. The fast stochastic indicator mirrors this point, with a stead climb of the %K and %D.
And on the more quantitative note an Ichimoku chart revealed that the stock is potentially bullish, as the blue line ( Kijun ) is now under the price reflecting an upward momentum, as well as the red line (Tenkan) which is also trending up providing that appreciation movement. TXN has an EPS of $2.40 per share and a P/E at 12.47.
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