New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 23, 2014
10:20 EDTXLNXXilinx tumbles after results, bearish pattern active, levels to watch
Shares are trading at $40.08, down 16.7% to a new 52-week low, following the company's earnings report last night after the close. Off that report several firms downgraded the name: BMO Capital to Market Perform with a price target cut to $42 from $60, William Blair to Market Perform, and to Neutral at BofA/Merrill. Support is at $39.13, the session low. Resistance is at $41.33. On a 5-year chart the move today confirms that a large bearish head and shoulders top is now in progress. The neckline was just below $43. The downside potential for this pattern over time is to the $30 area.
News For XLNX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for XLNX

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use