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Recent 52-Week High Exceeded in Shares of Xilinx Inc (XLNX)

By James Quinn

Shares of Xilinx Inc (NASDAQ:XLNX) traded at a new 52-week high today of $137.07. Approximately 580,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.

In the past 52 weeks, Xilinx Inc share prices have been bracketed by a low of $62.54 and a high of $137.07 and are now at $137.07, 119% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.1%.

Xilinx Inc (NASDAQ:XLNX) is currently priced 45.6% above its average consensus analyst price target of $74.50. The stock should find initial support at its 50-day moving average (MA) of $123.93 and further support at its 200-day MA of $91.82.

Xilinx, Inc. designs, develops, and markets complete programmable logic solutions. The Company's solutions include advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic, and field engineering support. Xilinx sells its products through several channels of distribution to customers in the United States and overseas.

SmarTrend is tracking the current trend status for Xilinx Inc and will alert subscribers who have XLNX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows xilinx inc

Ticker(s): XLNX