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

By David Diaz

Today, shares of Analog Devices (NASDAQ:ADI) have fallen below their 10-day MA of $101.24 on a volume of 807K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Analog Devices share prices have been bracketed by a low of $76.18 and a high of $103.59 and are now at $100.52, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Analog Devices on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.08. Since that recommendation, shares of Analog Devices have risen 10.4%. 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