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Bullish Moving Average Cross by Xilinx (XLNX)

By David Diaz

Xilinx (NASDAQ:XLNX) crossed over its 10-day moving average of $46.64 on a volume of 153K 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, Xilinx share prices have been bracketed by a low of $38.70 and a high of $50.72 and are now at $46.82, 21% 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 is tracking the current trend status for Xilinx and will alert subscribers who have XLNX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Xilinx

Ticker(s): XLNX