UPDATE: 10/28

SIGNAL: TRADE CLOSED

Algorithm switched to Long with a 1.56% loss on the short trade. Historical trading pattern on TXN appears to be shifting and we are choosing to go flat with this stock until clearer signals appear.

 

10/1/2013

Symbol: TXN (NASDAQ)

Signal:  SHORT

New SHORT signal on TXN, which has just been trading above the 100 day SMA since July, but could be poised for a correction down.  We have been noticing sell signals on other names within the semiconductor sector as well.  Profitable trading pattern goes back to January, 2012.

Related analysis supporting position:

N/A – both the industry and the sector is in a strong up trend, however this could also contribute to a large correction down.