Stock Of The Day: Is Analog Devices Due For Breakout Or Breakdown?
1. ADI flat Thursday after a 21% earnings-driven rally. The move set up a technical showdown. 2. Critical resistance at $242 reappears, triggering concentrated sell orders. Historical levels often force reversals. 3. Traders watch if the resistance will break or hold. This decision could spark a bullish breakout or a downtrend. 4. Market sentiment remains mixed with technical patterns in focus. Short-term price action depends on order flow.