Analog Devices (a company I interned for in ’99) is breaking out to new multi-decade highs. The price action is certainly characteristic of bullishness in the stock and in the semiconductors in general. If the new high holds here, ADI could push quickly to the 161.8% extension at ~$158-$160. Nice risk/reward here for some inexpensive calls.
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Paperback: 128 pages
Author: Shelley Allen, M.A.Ed.
Publisher: Fibonacci Inc.; 1st edition (2019)