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Analog Devices Bearish Moving Average Crossover Alert (ADI)

By Shiri Gupta

Analog Devices (NASDAQ:ADI) shares have crossed bearishly below their 10-day moving average of $91.73 on a volume of 607K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Analog Devices share prices have been bracketed by a low of $52.17 and a high of $98.38 and are now at $91.47, 75% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in Analog Devices. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Analog Devices in search of a potential trend change.

Keywords: moving crosses Analog Devices

Ticker(s): ADI