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On-Request Analysis – Analog Devices (ADI)

As mentioned in the description of Charts And Trends we are offering on-request analysis of your preferred assets.

As requested by one of my Twitter followers let us start this activity with Analog Devices, Inc. (NASDAQ: ADI), a company that self-describes itself as creating unmatched technologies and solutions to solve its customers’ problems in instrumentation, automation, communications, healthcare, automotive and numerous other industries.

ADI Weinstein Chart

From the yearly price chart the stock is a very clear momentum play in a long term uptrend, also trending higher on the weekly price chart and above its 30-week moving average with a very strong and rising relative strength and good volumes of exchange, which are all positives and combined with the company’s activities in multiple exponentially growing sectors make it a highly attractive investment vehicle.

As the stop-loss on any long position should now be moved below the supporting blue-colored trend line and below the last low, i.e. slightly below $76, it may be preferred to look for a minor consolidation from the weekly breakout and closing price ($84,38) into the $80-82 area to initiate a long position on the stock.

Disclosure: I have no position in ADI.

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