Trade of the Day: Time to Book Profits in ADI Stock?

Analog Devices, Inc. (NASDAQ:ADI) — This semiconductor company manufactures high-performance integrated circuits used in analog and digital signal processing applications.
On Feb. 23, I recommended traders buy ADI stock on a pullback to $57.50 with a trading target of $65. The stock hit a low of $57.45 on March 6, followed by a low of $56.27 on March 26. From there, ADI stock reversed on huge volume from just below its 50-day moving average.
With my trading target exceeded, those who followed my advice are looking at a more than 18% profit in just over three months.  (more)

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