This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stocks to Trade for Gains

Analog Devices

Analog Devices (ADI - Get Report) is providing traders with a much less directional technical outlook right now, but there's still a trade to be made in this stock.

ADI is currently stuck in a sideways consolidation channel, bouncing around in between resistance at $40.50 and support at $37.50. That bouncing tells us something important about ADI - it tells us that there's currently a glut of supply of shares above the channel, and a glut of demand for shares below it.

It follows, then, that a break outside of the channel (in either direction) sends an important signal to traders; it lets us know that the glut has been absorbed by the people on the other side of the trade.

That's the classic example of an If/Then Trade. Put more simply, if ADI breaks out above $40.50, then we've got a buy signal. Otherwise, if ADI breaks down below $37.50, then this stock is a short candidate. Either way this setup eventually pans out, I'd recommend keeping a protective stop right on the other side of this stock's 50-day moving average.

Analog Devices shows up on a recent list of 5 Chip Stocks JPMorgan Likes.
5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ADI $56.45 0.00%
CHL $59.74 0.00%
MAT $23.20 0.00%
PTR $85.14 0.00%
WMT $64.94 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs