Trade Alert - Analog Devices High Volume

Published on Wednesday, 18 January 2012 11:38 Written by TradersHuddle Staff

New York, January 18th (TradersHuddle.com) - Unusual high volume detected on shares of Analog Devices, Inc. (NYSE:ADI), early in the trading session. Analog Devices is currently trading higher by 5.7%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Analog Devices, Inc. (NYSE:ADI) designs, manufactures, and markets integrated circuits used in analog and digital signal processing. The Company's products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and other high-performance consumer electronics applications. Analog Devices is based in Norwood, Massachusetts and sells its products worldwide.

Analog Devices has already traded 0.759 times its 3-month average volume, and has calculated support and resistance at $33.65 and $37.49 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.55% from its previous trading close, which means that Analog Devices stock is outperforming the overall market.