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Stocks With Rising Relative Strength: Analog Devices

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Analog Devices ( ADI ) saw a positive improvement to its Relative Strength ( RS ) Rating on Wednesday, with an upgrade from 65 to 72.

[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest climbs. See if Analog Devices can continue to rebound and hit that benchmark.

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Analog Devices is working on a flat base with a 94.09 entry . See if it can break out in volume at least 40% above average.

The company showed 38% EPS growth in its most recent report, while sales growth came in at 54%.

Analog Devices earns the No. 5 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Texas Instruments ( TXN ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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