Published on 7 Feb 2022 on Zacks via Yahoo Finance
Xilinx (XLNX) Just Reclaimed the 50-Day Moving Average
Xilinx (XLNX) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, XLNX broke out above the 50-day moving average, suggesting a short-term bullish trend.
The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.
