Texas Instruments drops 8.8% as MACD turns bearish
Texas Instruments drops 8.8% as the MACD turns bearish ahead of earnings
Texas Instruments drops 8.8% as MACD turns bearish
Our view last week
Texas Instruments gains 6.3% on the week, with 87% of daily volume on the buy side: the bounce stems from the double bottom carved out in the 275 area, and price is back testing the 7-day high resistance, in the 315 area. Momentum, though, is cooling just as earnings approach on July 22.
This week's summary
After last week's 6.3% rebound that carried it right up to the 7-day high resistance, Texas Instruments has changed tune: this week the stock drops 8.8%, with 85% of the day's volume on the sell side and the weekly MACD just crossing bearish. Money flow has turned negative. Raising the stakes, earnings land this very week, on July 22.
IQS Phase
42
ordinary
Signal Strength
79
high · wide & volatile
Sizing
FULL
Ranking
#12 / 112
US stocks in progress
Trade P&L %
+32.27%
from signal to today
restricted Platinum content