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Analog Devices Bearish Moving Average Crossover Alert (ADI)

By Amy Schwartz

Analog Devices (NASDAQ:ADI) shares have crossed bearishly below their 10-day moving average of $96.73 on a volume of 681K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Analog Devices share prices have moved between a 52-week high of $103.59 and a 52-week low of $76.41 and are now trading 24% above that low price at $94.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Analog Devices and will alert subscribers who have ADI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Analog Devices

Ticker(s): ADI