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

By James Quinn

Today, shares of Xilinx Inc (NASDAQ:XLNX) have fallen below their 10-day MA of $104.59 on a volume of 333K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Xilinx Inc share prices have moved between a 52-week high of $141.60 and a 52-week low of $68.76 and are now trading 52% above that low price at $104.45 per share. The 200-day and 50-day moving averages have moved 0.42% higher and 1.13% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Xilinx Inc on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $116.32. Since that call, shares of Xilinx Inc have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses xilinx inc

Ticker(s): XLNX