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Analog Devices (ADI) Upgrade Alert, Watch for 0.8% Technical Uptrend Continuation
[November 18, 2009]

Analog Devices (ADI) Upgrade Alert, Watch for 0.8% Technical Uptrend Continuation


Nov 18, 2009 (SmarTrend(R) Spotlight via COMTEX) -- Analog Devices (NYSE:ADI) upgraded to Conviction Buy from Buy at Goldman. The stock closed yesterday at $28.19 on volume of 1,507,400 shares, below average daily volume of 4,149,752.

Analog Devices is currently above its 50-day moving average of $27.43 and above its 200-day moving average of $24.17.

SmarTrend is bullish on shares of ADI and our subscribers received an Uptrend alert on November 11, 2009 at $27.98, which has returned 0.8% to date.

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