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After Yesterday's Rally of 2.09% Shares Could Potentially Pullback

By Nick Russo

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $67.78 to a high of $69.34. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $68.75 on volume of 732,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Xilinx Inc has traded in a range of $43.50 to $75.14 and is now at $69.18, 59% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

Keywords: rebounders xilinx inc

Ticker(s): XLNX