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Look for Shares of Xilinx Inc to Potentially Rebound after Yesterday's 2.24% Sell Off

By James Quinn

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $87.56 to a high of $89.02. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $89.61 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Xilinx Inc have traded between a low of $79.22 and a high of $141.60 and are now at $88.42, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.

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.

Keywords: rebounders xilinx inc

Ticker(s): XLNX