Semiconductor Getting Very Oversold Thursday, August 20, 3:55 PM ET, by Market News Video Staff In trading on Thursday, shares of the Semiconductor ETF (SMH) entered into oversold territory, changing ...
In trading on Friday, shares of Texas Instruments Inc. (NASDAQ:TXN) crossed below their 200 day moving average of $32.91, changing hands as low as $32.71 per share. Texas Instruments Inc. shares are currently trading down about 2.1% on the day. The chart below shows the one year performance of TXN shares, versus its 200 day moving average:
Looking at the chart above, TXN's low point in its 52 week range is $22.95 per share, with $36.71 as the 52 week high point — that compares with a last trade of $32.72.
TXN operates in the Semiconductors sector, among companies like Mellanox Technologies, Ltd. (NASDAQ:MLNX) which is off about 2.2% today, and Cirrus Logic, Inc. (NASDAQ:CRUS) trading lower by about 4%. Below is a three month price history chart comparing the stock performance of TXN, versus MLNX and CRUS.
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