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Analog Devices (ADI) Breaks Through Resistance at $80.52

By Shiri Gupta

Analog Devices (NYSE:ADI) has opened bullishly above the pivot of $79.75 today and has reached the first level of resistance at $80.52. Investors may be interested in a cross of the next upside pivot targets of $81.01 and $82.27.

Analog Devices has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $88.68. The stock should find initial resistance at its 200-day moving average (MA) of $56.63 and further resistance at its 50-day MA of $57.43.

Analog Devices share prices have moved between a 52-week high of $90.49 and the current low of $0.00 and are currently at $0.00 per share. 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: pivot alerts Analog Devices

Ticker(s): ADI