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

By James Quinn

Today, shares of Analog Devices (NYSE:ADI) have crossed bullishly above their 10-day moving average of $82.11 on a volume of 156K shares. This may provide swing traders with 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 $47.24 to $84.24 and is now at $82.36, 74% above that low. Over the last five market days, 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 October 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.75. Since that recommendation, shares of Analog Devices have risen 28.5%. 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

Ticker(s): ADI