Monday, August 20, 2018 11:57:50 AM
Xilinx Inc (XLNX:NASDAQ) is a leading technology stock that has been coming under pressure recently. Today, the stock is trading lower by 0.88 cents to $70.14 a share. Traders and investors should note that this stock has been in a trading range since the start of 2018. The high end of the range has been around the $77.00 level and the low end of the range has been around the $62.50 area. A case can be made that XLNX stock has been making higher lows every time the stock price has tested the low end of the range. This time around the $65.00 area should serve as important support when tested. There is also the 100-week moving average around that level as well, this will increase the odds of institutional support and that is what moves stocks.
Nicholas Santiago
InTheMoneyStocks
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM