This week’s Momentum Trader Alert identified a tech name with a storied past: Texas Instruments Inc. (TXN).
The company also is a member of the semiconductor sector, which has broken out sharply to the upside since mid-September. Headquartered in Dallas, Texas, TXN is one of the top 10 semiconductor companies worldwide and also one of the world’s leading designers and suppliers of digital signal processors and analog integrated circuits.
After acquiring National Semiconductor in 2011, the company became the world’s largest maker of analog technology components.
Texas Instruments (TXN) vs. the S&P 500 year to date.
Momentum Trader Analysis
Buy Texas Instruments (TXN) at market today and place your stop at $76.00.
If you want to play the options, I recommend the TXN January $92.50 calls (TXN180119C00092500), which last traded at $4.05 and expire on Jan 19.
Nicholas A. Vardy