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Xilinx Inc Bearish Moving Average Crossover Alert (XLNX)

By David Diaz

Today, shares of Xilinx Inc (NASDAQ:XLNX) have fallen below their 10-day MA of $72.44 on a volume of 400K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Xilinx Inc share prices have been bracketed by a low of $60.12 and a high of $78.02 and are now at $71.32, 19% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 0.55% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Xilinx Inc on July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.91. Since that recommendation, shares of Xilinx Inc have risen 6.6%. We continue to monitor XLNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses xilinx inc

Ticker(s): XLNX