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Look for Shares of Xilinx Inc to Potentially Rebound after Yesterday's 2.21% Sell Off

By James Quinn

Xilinx Inc (NASDAQ:XLNX) traded in a range yesterday that spanned from a low of $83.06 to a high of $84.45. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $85.14 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Xilinx Inc share prices have moved between a 52-week high of $133.00 and a 52-week low of $67.68 and are now trading 22% above that low price at $82.25 per share. The 200-day and 50-day moving averages have moved 0.65% lower and 0.28% higher over the past week, respectively.

Keywords: rebounders xilinx inc

Ticker(s): XLNX