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Watch for Xilinx Inc to Potentially Rebound After Falling 2.57% Yesterday

By Shiri Gupta

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $70.94 to a high of $72.43. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $72.61 on volume of 697,000 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 July 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.91. Since that recommendation, shares of Xilinx Inc have risen 6.6%. 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 $78.02 and a 52-week low of $60.12 and are now trading 19% above that low price at $71.50 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders xilinx inc

Ticker(s): XLNX