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Watch for Xilinx Inc to Potentially Rebound After Falling 2.24% Yesterday

By David Diaz

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.

Xilinx Inc share prices have moved between a 52-week high of $141.60 and a 52-week low of $79.22 and are now trading 12% above that low price at $88.42 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

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