Xilinx (XLNX) NewsBite - XLNX Downgraded By Morgan Stanley

Nov 03, 2009

Xilinx (XLNX) Downgraded By Morgan Stanley

Nov 03, 2009 (Fresh Brewed Media via COMTEX News Network) -- Xilinx (XLNX) was downgraded today by analysts at Morgan Stanley and the stock is now at $21.42, down $0.33 (-1.52%) on volume of 3,582,862 shares traded. The analysts reduced XLNX to Equal Weight from Overweight. Over the last 52 weeks the stock has ranged from a low of $14.28 to a high of $24.49. Xilinx stock has been showing support around $21.07 and resistance in the $22.19 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 January out-of-the-money bear-call credit spread above the 24 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

(C) Copyright 2009, Fresh Brewed Media. All rights reserved.

SOURCE: FRESH BREWED MEDIA