Week Ended 1 July 2016 Free Simple Trading Stalk Candidate

This week’s Free Simple Trading Stalk Candidate is Xilinx Inc. [XLNX].  According to it’s Yahoo Finance Profile,

Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP). The company also offers development boards; development kits, including hardware, design tools, IP, and reference designs that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays. In addition, it provides design services, customer training, field engineering, and technical support. The company offers its products to electronic equipment manufacturers in end markets, such as wired and wireless communications, industrial, scientific and medical, aerospace and defense, audio, video and broadcast, consumer, automotive, and test and measurement.

The Charts:

Weekly

 

XLNX W 1 July 2016

 

Daily

 

XLNX D 1 July 2016

 

Metrics:

52 Week Hi: $50.72

52 Week Lo: $38.70

TAOST Ultimate Stop: $36.23

Average Daily Volume: 2.11mm

Optionable: Yes; Weekly, Monthly and LEAPs

Next Earnings Report Date: 27 July 2016

 

Trade Thesis:

XLNX is in a consolidation pattern on multiple timeframes.  Patterns like this normally resolve in the direction that existed before the consolidation began, so expect XLNX to challenge it’s 52 Week High at 50.72 absent a terrible quarterly or the broader tech market getting killed.

Tell your peeps...