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Xilinx Inc Set to Possibly Pullback After Yesterday's Rally of 2.35%

By Shiri Gupta

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $68.33 to a high of $70.30. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $70.16 on volume of 1.5 million 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, shares of Xilinx Inc have traded between a low of $43.50 and a high of $78.02 and are now at $69.63, which is 60% 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 its subscribers protect gains by selling shares of Xilinx Inc on March 28th, 2018 by issuing a Downtrend alert when the shares were trading at $71.71. Since that call, shares of Xilinx Inc have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders xilinx inc

Ticker(s): XLNX