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Analog Devices Bearish Moving Average Crossover Alert (ADI)

By David Diaz

Analog Devices (NYSE:ADI) shares have crossed bearishly below their 10-day moving average of $55.40 on a volume of 307K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Analog Devices has traded in a range of $47.24 to $68.97 and is now at $55.21, 17% above that low. 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 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