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Bullish Moving Average Cross by Xilinx (XLNX)

By James Quinn

Xilinx (NASDAQ:XLNX) crossed over its 10-day moving average of $65.40 on a volume of 827K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Xilinx have traded between a low of $38.70 and a high of $68.55 and are now at $65.84, which is 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

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 8.8%. 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