Bearish MACD for Xilinx – Tale of the Tape (XLNX)

Xilinx, Inc.’s (XLNX) MACD indicator has moved into bearish territory with a reading of -0.2604. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 2% to $28.61 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending March 2012 has decreased by 10 cents over the past week to $2.02 per share.