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Analog Devices, Inc. Message Board

  • chuckpalot chuckpalot Jan 18, 2011 10:39 AM Flag

    Big Test @ $40 Begins Now

    Since '04 ADI hasn't been able to break through $40, so this looks like a key resistance point. It should be interesting to see how it plays out leading into what I guess will be great numbers in the upcoming earnings report, along with an increase in guidance.

    As the global economy goes, so goes ADI. Looks like another record year ahead as spending is picking up all over.

    Now, about that dividend increase....

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    • Any technical traders here?

      We got a penny from $40, and I think we may push through (finally!) sometime soon, maybe even today, after what looks like 8 or 9 attempts over the past 6+ years.

      My question is, if ADI breaks through the $40 ceiling, might we expect a march right to $46 - $50?

      From a fundamental standpoint, the table is being set with earnings out soon, so maybe that will be the catalyst, assuming the numbers/forward statement are bullish.

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