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How To Calculate The Maximum Price Target On Analog Devices $ADI

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Investors should be ready to short Analog Devices, Inc. (NASDAQ:ADI) when it hits $84.50 in the coming days. The calculation of this target is very simple. Take the first move up which was 9.75 points and then assume that will be the second move higher as well. That gives the upside target on Analog Devices as $84.50. The stock chart explains it much more clearly than I can. This level should be tagged within days and will be a perfect level to short. Investors should prepare for a sharp pull back off that price, well over 10%.

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Analog Devices share stock market target price calculation


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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