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Look for Shares of Xilinx to Potentially Pullback after Yesterday's 1.39% Rise

By David Diaz

Xilinx (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $65.07 to a high of $65.70. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $65.39 on volume of 807,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Xilinx share prices have been bracketed by a low of $38.70 and a high of $68.55 and are now at $65.64, 70% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Xilinx on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.97. Since that recommendation, shares of Xilinx have risen 7.9%. We continue to monitor XLNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Xilinx

Ticker(s): XLNX