Texas Instruments (TXN) NewsBite - TXN Upgraded By FBR Capital Markets

Posted: Tuesday, October 27, 2009 1:52 PM EDT

Texas Instruments (TXN) was upgraded today by analysts at FBR Capital Markets and the stock is now at $24.11, up $0.41 (1.73%) on volume of 17,420,200 shares traded. The analysts lifted TXN to Outperform from Market Perform. Over the last 52 weeks the stock has ranged from a low of $13.38 to a high of $25.35. Texas Instruments stock has been showing support around $23.01 and resistance in the $24.31 range. Technical indicators for the stock are bullish and S&P gives TXN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TXN the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 21 range. [ABR-Seven Summits Strategic Investments NewsBite]

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