Credit: Shutterstock photoAnalysts at Bank of America Merrill Lynch raised their rating on shares of Analog Devices (ADI [1]) stock from "Neutral" to "Buy" on Monday. [1] https://www.investorsobserver.com/symbols/ADI/
InvestorsKeyhole Trade Alert
IK-> The technicals for ADI ($100.38 up $0.65) are bullish with an upwards trend. Support has been around $98.00. Look at the Mar 85/90 bull-put spread for a 20-cent credit or better. That's good for a 4.2% return and the stock has to fall 10.3% to cause a problem. [Various news and data; InvestorsKeyhole]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
