Xilinx, Inc. : Welcomed earnings release
By Camille Chretien
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$45.56 | $0 | $43.95 | -100% |
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.