Is it Time to Dump Analog Devices, Inc. (ADI) Stock After it Has Risen 4.74% in a Week?

The market has been high on Analog Devices, Inc. (ADI) stock recently. ADI gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Analog Devices, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ADI!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ADI Stock Today?

Analog Devices, Inc. (ADI) stock is trading at $157.04 as of 11:48 AM on Friday, Jul 15, an increase of $3.73, or 2.43% from the previous closing price of $153.31. The stock has traded between $153.33 and $157.05 so far today. Volume today is less active than usual. So far 1,063,981 shares have traded compared to average volume of 3,252,525 shares. To see InvestorsObserver's Sentiment Score for Analog Devices, Inc. click here.

More About Analog Devices, Inc.

Analog Devices is a leading analog, mixed-signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment. Click Here to get the full Stock Report for Analog Devices, Inc. stock.