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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
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October 9, 2015
14:30 EDTXLNXXilinx October volatility increases into Q2 and outlook
Xilinx October call option implied volatility is at 49, November is at 33; compared to its 52-week range of 20 to 41, suggesting large price movement into the expected release of Q2 results on October 14.
October 8, 2015
15:35 EDTXLNXQualcomm, Xilinx to collaborate on heterogeneous computing solutions
Qualcomm (QCOM) through its subsidiary, Qualcomm Technologies, and Xilinx (XLNX) announced a strategic technical collaboration to deliver heterogeneous computing solutions with new levels of efficiency and performance through FPGA-enabled dynamic workload acceleration on Qualcomm Technologies' server platforms. The strategic collaboration is designed to span multiple product generations, ranging from card level to highly-integrated solutions. Target applications include compute acceleration, big data analytics, machine learning, storage and CloudRAN, the companies said.

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