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

(28-Apr-2008) (28-Apr-2008) Texas Instruments Inc.(TXN) closed at 29.36, down -0.2 or -0.68 % today. Based on our analysis, Texas Instruments Inc.(TXN) is in an downtrend but momentum is showing some life.

The closing price of Texas Instruments Inc.(TXN) is below its 50 day moving average of 29.45 (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 Inc.(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 18-Apr-2008, about 8 trading days ago.