• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Xilinx Inc After 2.42% Loss

By David Diaz

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $64.39 to a high of $65.92. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $65.59 on volume of 748,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Xilinx Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Xilinx Inc in search of a potential trend change.

In the past 52 weeks, Xilinx Inc share prices have been bracketed by a low of $43.50 and a high of $68.68 and are now at $64.51, 48% 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%.

Keywords: rebounders xilinx inc

Ticker(s): XLNX