Texas Instruments (TXN) is scheduled to report Q1 earnings after the market closes today. The company reported Q4 earnings at 4:30 p.m. ET last period (a conference call will follow at 5:30 p.m. ET)

Capital IQ Consensus Estimate calls for Q1 GAAP EPS of $0.83 vs guidance of $0.78-0.88 on revs of $3.31 bln vs guidance of $3.17-3.43 bln

TXN usually gives top and bottom line guidance for the coming period in the press release; for Q2, the Cap IQ Estimate is calling for EPS of $0.90 on revs of $3.50 bln


Based on the above charts TXN has enjoyed a slow and steady growth pattern for quite some time now. Since November, price has been steadily climbing along its 50D MA for +21% gain between $66 and $82. In response to earnings,

Buyers simply have to maintain the current trend above the April lows/50D near 78.

Sellers will try to break the current uptrend with an aggressive selling below that.  Even if that's the case, Sellers will have to deal with the 200-day moving averages 10% lower along the $73 vicinity.