Xilinx' stock has recently surged after the publication of Q1 2014 earnings. The EPS is up 19% to USD 0.56 (estimate 0.472) and sales are slightly down -0.66% to 579 million dollars (estimate 550 million).

Since mid-July, analysts have sharply revised upward their earnings per share estimates: EPS is expected to reach almost USD 2.5 in 2014 vs USD 2.3 a month ago.

Technically, the security shows a bullish configuration on all time scales. However, the stock has recently been stopped by the USD 47.15 resistance and is heading towards the USD 44.5/45 support. The latter, combined with the 20-day moving average should help prices to reach again USD 47.2.

According to both technical and fundamental elements, it seems opportune to take a long position in case of a comeback on the 20-day moving average (approximately at USD 45). The bullish trend should allow the security to reach the USD 47.15 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 44.5 support to avoid a downtrend.