The Semiconductor rally is in full bloom and Analog Devices Inc. is a major player that not many talk about. If you look at the stock performance this year, you wonder why you may not have heard much of it, if not at all! The chart is smooth and easy since the start of the year. The trend remains strong and the stock continues to extend the range higher. The stock price is showing no slowdown and we should continue to see ADI at the very least perform with its peers. I think ADI could be one of the best performers out of the chip makers. I would keep a very close eye on ADI in the near and longer term.

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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