Xilinx is an American technology company that has a dominant position in the FPGA (field programmable gate array) segment. FPGAs are more flexible than integrated circuits because they can be reconfigured for the desired application. Xilinx and Intel dominate the multibillion-dollar FPGA market. FPGA’s are associated with high switching costs and they are used in equipment that have at least a decade of operational lifetime. These moats and the larger shift towards digital holds promise as far as Xilinx’s long-term growth prospects are concerned.
The long term monthly chart of Xilinx shows a clear uptrend starting 2015. This uptrend reached its peak in April 2019 before the price fell by more than 50% over a 1-year period. This price fall resulted in the $102 support level being broken. The price also went briefly below the bottom of the long-term trend.
Since April 2020, the price has gone up by 44%. The price also went back up above the $102-resistance zone and now looks poised to hit the $130, and then, the $140 mark. Stop loss can be placed below the 102 zone which will likely act as a support.
Position taken today at entry point $106.61. With stop loss -25.54% below at at $79.3. With short term to medium take profit point set at $145 yielding a profit of 36%.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.