Xilinx (NASDAQ: XLNX) Breakout 'Buy' Signal

I am a big fan of looking at charts one degree of time further out than I plan to trade. It is the market-ification of the old saw about seeing the forest for the trees.

For instance, the short-term chart of programmable circuit and semiconductor maker Xilinx (NASDAQ: XLNX) is a mess. But when we pull back to the weekly chart we can clearly see a breakout with supporting technicals.  (more)

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