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Bearish Moving Average Cross by Xilinx Inc (XLNX)

By Shiri Gupta

Xilinx Inc (NASDAQ:XLNX) crossed under its 10-day moving average of $106.20 on a volume of 449K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Xilinx Inc has traded in a range of $68.76 to $141.60 and is now at $104.10, 51% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Xilinx Inc on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $116.32. Since that call, shares of Xilinx Inc have fallen 11.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses xilinx inc

Ticker(s): XLNX