Analog Devices (ADI) Offering Possible 35.14% Return Over the Next 13 Calendar Days

This article was originally published on this site

Analog Devices’s most recent trend suggests a bearish bias. One trading opportunity on Analog Devices is a Bear Call Spread using a strike $98.00 short call and a strike $103.00 long call offers a potential 35.14% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $98.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $103.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Analog Devices is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Analog Devices is bearish.

The RSI indicator is at 61.06 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Analog Devices

Tech stock sell-off could be just beginning if trade war with China worsens
Thu, 06 Sep 2018 19:33:00 +0000
Congressional scrutiny of social media companies pummeled their stocks, but other tech stocks could soon be vulnerable to a new round of selling pressure if President Donald Trump goes through with new tariffs on Chinese goods.

Edited Transcript of ADI earnings conference call or presentation 22-Aug-18 2:00pm GMT
Thu, 06 Sep 2018 12:37:58 +0000
Q3 2018 Analog Devices Inc Earnings Call

Analog Devices, Seagate Technology Downgraded; KLA-Tencor Upgraded
Tue, 04 Sep 2018 20:20:16 +0000
A Wall Street investment bank on Tuesday re-rated a host of semiconductor industry stocks, downgrading several names with exposure to Nand memory chips and analog processors. Evercore ISI downgraded Seagate to underperform from in line.

KLA-Tencor stock gains after Evercore upgrade
Tue, 04 Sep 2018 12:53:00 +0000
Shares of semiconductor-equipment company KLA-Tencor Corp. (klac) are up 0.7% in premarket trading Tuesday after Evercore ISI analyst C.J. Muse upgraded the stock to outperform from in-line and raised his price target to $140 from $130.

CRYPTO: Ether futures are in the queue, but the CFTC will be cautious: rpt
Fri, 31 Aug 2018 14:37:43 +0000
From the floor of the New York Stock Exchange, Yahoo Finance’s Jared Blikre joins Dan Howley to break down the latest market moves.

Here’s the performance of select risk markets as of 10:30 am EDT:

NVDA Nvidia Corp 0.78%
SVXY ProShs Short VIX Short-Term 0.71%
MU Micron Tech 0.66%
QCOM Qualcomm Inc 0.63%
ADI Analog Devices 0.43%
FAZ(HB) Finl Bear 3x Shs 0.33%
QQQ Invesco QQQ Trust Series 1 0.28%
NXPI NXP Semiconductors N.V. 0.27%
GLD SPDR Gold Trust 0.26%
XLNX Xilinx Inc 0.20%
AVGO Broadcom Inc 0.20%
INTC Intel Corp 0.15%
MXIM Maxim Integrated Prod 0.08%
SPY SPDR S&P 500 ETF 0.07%
AMAT Applied Materials 0.06%
KLAC KLA-Tencor Corp 0.05%
SWKS Skyworks Solutions 0.04%
TXN Texas Instruments 0.00%
IWM iShs Russell 2000 ETF -0.02%
USO(HB) United States Oil Fd LP -0.14%
MCHP Microchip Tech -0.22%
FAS(HB) Finl Bull 3x Shs -0.33%
TSM Taiwan Semiconductor Mfg ADS -0.49%
WTI W&T Offshore Inc -1.59%
VXX iPath S&P 500 VIX Short-Term -1.59%
UVXY ProShs Ultra VIX Short-Term -2.44%
TVIX VS 2X VIX Short Term -2.87%

^IXIC Nasdaq Composite Index
^GSPC S&P 500 Index
^NDX Nasdaq 100
^RUT Russell 2000 Index

Be Sociable, Share!

Related Posts