Stock Chart Analysis XLNX

Posted by downtowntrader | 6/27/2007 11:38:00 PM | 0 comments »

Stock Chart Analysis XLNX

Xilinx, Inc. (Public, NASDAQ:XLNX)

XLNX has officially retraced 100% of the breakout and it looks like buyers are starting to step up. I prefer stocks to hold some of the breakout, but sometimes these trades work out well due to clear support and resistance levels. Semiconductors have been showing signs of emerging leadership, and if the market rallies from here, then XLNX should make a nice sector play.

Good Trading,


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