Don't Ignore This Chart!

The Squeeze is on for Analog Devices


With a tight trading range the last several weeks, the Bollinger Bands have significantly narrowed for Analog Devices (ADI) - and the squeeze is on. A close above the upper band would be short-term bullish, while a close below the lower band would be short-term bearish. Be careful. Sometimes the first move is a bull or bear trap and it quicly reverses. Hey, I never said it would be easy!

Click this image for a live chart

Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus