XLNX - How to trade Xilinx With Risk Controls

Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time.

The Xilinx (NASDAQ: XLNX) report below can help you, but we have more details too. The trading plans for XLNX, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .

Technical Summary

Long Term Trading Plans for XLNX

February 14, 2021, 11:30 am ET

The Technical Summary and Trading Plans for XLNX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this XLNX Report.

XLNX - (Long) Support Plan

The technical summary data tells us to buy XLNX near 139.26 with an upside target of 153.28. This data also tells us to set a stop loss @ 138.86 to protect against excessive loss in case the stock begins to move against the trade. 139.26 is the first level of support below 145.75 , and by rule, any test of support is a buy signal. In this case, support 139.26 is being tested, a buy signal would exist.

XLNX - (Short) Resistance Plan

The technical summary data is suggesting a short of XLNX as it gets near 153.28 with a downside target of 139.26. We should have a stop loss in place at 153.72though. 153.28 is the first level of resistance above 145.75, and by rule, any test of resistance is a short signal. In this case, if resistance 153.28 is being tested, a short signal would exist.