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Xilinx Inc Set to Possibly Rebound After Yesterday's Selloff of 2.57%

By Nick Russo

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.

Over the past year, Xilinx Inc has traded in a range of $60.12 to $78.02 and is now at $71.50, 19% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 0.55% higher over the past week, respectively.

Keywords: rebounders xilinx inc

Ticker(s): XLNX