Analog Devices Crosses Above its 10-day MA (ADI)
Analog Devices (NYSE:ADI) shares have crossed bullishly above their 10-day moving average of $61.52 on a volume of 338K 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.
In the past 52 weeks, shares of Analog Devices have traded between a low of $47.24 and a high of $68.97 and are now at $61.64, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.22% lower and 0.59% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Analog Devices. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Analog Devices in search of a potential trend change.
Keywords: moving crosses Analog Devices