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

By David Diaz

Today, shares of Analog Devices (NYSE:ADI) have crossed bullishly above their 10-day moving average of $79.00 on a volume of 157K 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, shares of Analog Devices have traded between a low of $52.17 and a high of $90.49 and are now at $79.11, which is 52% above that low price. 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 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