Analog Devices Crosses Above its 10-day MA (ADI)
Analog Devices (NYSE:ADI) shares have crossed bullishly above their 10-day moving average of $63.55 on a volume of 331K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Analog Devices share prices have been bracketed by a low of $47.24 and a high of $68.97 and are now at $64.01, 35% 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 recommended that subscribers consider buying shares of Analog Devices on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.20. Since that recommendation, shares of Analog Devices have risen 9.0%. We continue to monitor ADI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Analog Devices