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

By Nick Russo

Analog Devices (NYSE:ADI) shares have crossed bullishly above their 10-day moving average of $77.76 on a volume of 750K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Analog Devices share prices have moved between a 52-week high of $84.24 and a 52-week low of $47.24 and are now trading 69% above that low price at $79.76 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Analog Devices on April 6th, 2017 by issuing a Downtrend alert when the shares were trading at $80.13. Since that call, shares of Analog Devices have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Analog Devices

Ticker(s): ADI