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Xilinx Inc Crosses Below its 10-day MA (XLNX)

By David Diaz

Xilinx Inc (NASDAQ:XLNX) shares have crossed bearishly below their 10-day moving average of $125.18 on a volume of 1.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Xilinx Inc has traded in a range of $62.54 to $130.57 and is now at $124.27, 99% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has risen 1.7%.

SmarTrend recommended that subscribers consider buying shares of Xilinx Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.54. Since that recommendation, shares of Xilinx Inc have risen 43.3%. 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