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Next Resistance Level for Analog Devices (ADI) is $94.11

By Amy Schwartz

Analog Devices (NASDAQ:ADI) has opened bullishly above the pivot of $93.01 today and has reached the first level of resistance at $93.53. Analysts will be watching for a cross of the next upside pivot targets of $94.11 and $95.21.

There is potential upside of 0.0% for shares of Analog Devices based on a current price of $0.00 and an average consensus analyst price target of $102.22. Analog Devices shares should first meet resistance at the 200-day moving average (MA) of $56.63 and find additional resistance at the 50-day MA of $57.43.

In the past 52 weeks, Analog Devices share prices have been bracketed by a current low of $0.00 and a high of $98.38 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

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: pivot alerts Analog Devices

Ticker(s): ADI