This week’s Free Simple Trading Stalk Candidate is Texas Instruments [TXN].
According to its Yahoo Finance Profile:
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.
The charts are as follows:
52 Week Hi: $60.60
52 Week Lo: $43.49
TAOST Ultimate Stop: $55.80
Average Daily Volume: 4,661,210 Shares/Day
Optionable: Yes; Weekly and LEAPS available.
Next Earnings Report Date: 25 July 2016
Texas Instruments looks perfectly positioned to make new all time highs.
Long entries should be stalked prior to the company’s report date on 25 July with appropriate stops as long as price remains above $55.80. A breach of $55.80 will remove TXN from long stalk consideration.