Brian Shannon on $TXN (Oct 27, 2026)

we were talking about semiconductors and if you remember, I said that my favorite stock was in an uptrend that was holding the 20 and 50-day moving averages and that was Texas Instruments.

I also tweeted about it yesterday morning and the stock has seen a really good rally. So to me, if you want to buy a semiconductor stock, only buy stocks that are in an upward trend.

but can we go back to TXN for a moment? Because that's one of those cases where, you know, if you let it go up, my first question is you've broken everything, right? Except for the double top at 330.

You're holding the highs and another thing that I've heard people say and I'm not a big fan of that personally, do n't sell at the highs. If you have something that wants to go to an all-time high, try to hold it.

What's your target for it? Are you holding it to the highest price, or are you thinking that it's waiting for a big explosion because the long-term trend, I know it's up a little bit in the short term, but Its long-term trend has also been intact for the past year and a half.

Right. Its weekly chart is really, I mean, it's one of the best semiconductor stocks on the market.

You're holding the highs and another thing that I've heard people say and I'm not a big fan of that personally, do n't sell at the highs. If you have something that wants to go to an all -time high , try to hold it.

What's your target for it? Are you holding it to the highest price , or are you thinking that it's waiting for a big explosion because the long-term trend, I know it's up a little bit in the short term, but Its long-term trend has also been intact for the past year and a half.

Right. Its weekly chart is really, I mean, it's one of the best semiconductor stocks on the market . I'll tell you exactly what I've done with this stock so far, and some people might say, "Well, you sold your stock."

"But I sold half of it. Yesterday, I bought it yesterday. I sold a quarter of it, maybe for a profit of $5 per share? Was that right? For a profit of $5 per share, when it hits the daily R2 point and then comes down a little bit. So, I was

So, I was using a strategy that I use regularly, which is when it runs up to the daily R2 point and then starts to come down. And I sold some yesterday at the end of the day thinking that it might come down.

So, I currently have half of this position. I've taken out an average of eight points from this half of this position . And now, I'm in a pretty good position. So, I bought it at two ...

I can't remember exactly , at 287. Actually, right at 287.

So, I'm going to try to hold it as long as it makes a new high and a higher low above the 5-day moving average. That means I'm willing to take a pretty big drop , because if it goes down above the 5-day moving average But I wouldn't be surprised if it does that and then it picks up momentum.

Then I'll set my stop loss here and maybe rebuy a little bit here and set a stop loss here on the whole thing. And then as the trade goes forward , if it keeps making higher highs and higher lows above the 5-day moving average , I'll hold it until it does something like that and that 5- day moving average tells me it's time to get out.

So, my price target is higher and my job is to control the risk . That's it. So, some people like to target that price , I'm looking for this price, but I know you use the 5 -day moving average .

back to Texas Instruments. I didn't have a specific target, but I was looking at this as a high if it was really going to go up. That was my logical interpretation based on risk-reward: "Well , it's making higher highs and higher lows above the 20-, 50- and 200-day moving averages."

"That's at least what I'm hoping for on the upside. So, I've taken a little bit of that out. And as it continues, let's see what the market gives me.