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Bearish Moving Average Cross by Xilinx (XLNX)

By Nick Russo

Xilinx (NASDAQ:XLNX) shares have crossed bearishly below their 10-day moving average of $65.22 on a volume of 3.6 million 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 has traded in a range of $38.70 to $67.75 and is now at $63.88, 65% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Xilinx on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.97. Since that recommendation, shares of Xilinx have risen 12.6%. We continue to monitor XLNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Xilinx

Ticker(s): XLNX