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Analog Devices Crosses Above its 10-day MA (ADI)

By James Quinn

Analog Devices (NASDAQ:ADI) crossed over its 10-day moving average of $96.57 on a volume of 345K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Analog Devices has traded in a range of $76.41 to $103.59 and is now at $97.51, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

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