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SmarTrend Watching for Potential Rebound in Shares of Xilinx Inc After 4.28% Loss

By Shiri Gupta

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $85.91 to a high of $88.77. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $90.45 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.

SmarTrend recommended that subscribers consider buying shares of Xilinx Inc on October 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.71. Since that recommendation, shares of Xilinx Inc have risen 13.1%. We continue to monitor XLNX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Xilinx Inc share prices have moved between a 52-week high of $95.18 and a 52-week low of $62.27 and are now trading 47% above that low price at $91.29 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

Keywords: rebounders xilinx inc

Ticker(s): XLNX