Texas Instruments Incorporated(TXN) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) Texas Instruments Incorporated(TXN) closed at 28.59, down -0.36 or -1.24 % today. Based on our analysis, Texas Instruments Incorporated(TXN) is in an downtrend but momentum is showing some life.

The closing price of Texas Instruments Incorporated(TXN) is below its 50 day moving average of 29.77 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Texas Instruments Incorporated(TXN) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 25-Mar-2008, about 4 trading days ago.