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Look for Shares of Xilinx Inc to Potentially Pullback after Yesterday's 2.09% Rise

By Nick Russo

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $76.72 to a high of $79.25. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $77.97 on volume of 687,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Xilinx Inc has traded in a range of $62.27 to $79.50 and is now at $77.53, 25% above that low. The 200-day and 50-day moving averages have moved 0.08% higher and 0.94% 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 10.4%. We continue to monitor XLNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders xilinx inc

Ticker(s): XLNX