Xilinx (XLNX) NewsBite - Trading With Unusual Volume

Posted: Thursday, July 02, 2009 2:59 PM EDT

Xilinx (XLNX) appears to be trading at a higher than usual volume today and is now at $20.57, unchanged (0%) on volume of 11,344,709 shares traded. For the last 30 days XLNX has traded 6,485,204 shares on average each day. So far today's volume is 74.93% above that average volume. Over the last 52 weeks the stock has ranged from a low of $14.28 to a high of $27.74. Xilinx stock has been showing support around $20.04 and resistance in the $21.28 range. Technical indicators for the stock are neutral and S&P gives XLNX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on XLNX the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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