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Bearish Moving Average Cross by Analog Devices (ADI)

By Shiri Gupta

Analog Devices (NASDAQ:ADI) shares have crossed bearishly below their 10-day moving average of $90.34 on a volume of 215K 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, shares of Analog Devices have traded between a low of $52.17 and a high of $98.38 and are now at $90.03, which is 73% 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

Ticker(s): ADI