Analog Devices, Inc. (ADI) Update - Another Buy Opportunity
This update reiterates the bullish outlook discussed in the June 4th report. It depicts a bullish signal that indicated higher levels. In addition, it highlights a minor correction that worked off short term overbought readings, and a retest and hold of immediate support. An actionable buy opportunity is outlined, along with money management guidelines including, price target, support, and protective stops.
Analog Devices is an analog technology company. The company designs, manufactures, and markets a portfolio of solutions, including integrated circuits, algorithms, software, and subsystems. The company's analog products include data converter that translate real-world analog signals into digital data and also translate digital data into analog signals, amplifiers that condition analog signals, and power management and reference products that include functions such as power conversion, driver monitoring, sequencing and energy management. The company's digital signal processing products are designed to execute software programs, or algorithms, associated with processing digitized real-time, real-world data.
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