- New Trades -
Analog Devices, Inc. - ADI - close: 41.68
Why We Like It:
ADI is an American semiconductor manufacturer. Investors are completely ignoring the company's earnings warning when ADI reported back in August. It's probably because ADI is a component maker for Apple's (AAPL) iPhones. The surge in demand for iPhones should spell strong business for ADI.
I am suggesting new bullish positions now at current levels. Nimble traders may want to try and buy a dip near $41.00 if we get it. Our long-term target is $49.75.
I am listing the 2014 January $45 call.
- Suggested Positions -
SEP 17, 2012 - entry price on ADI @ --.--, option @ -.--
symbol: ADI1418a45 2014 JAN $45 call - current bid/ask $ 2.95/ 3.20
Chart of ADI:
Current Target: $49.75
Current Stop loss: 38.75
Play Entered on: 09/17/12
Originally listed in the New Plays 09/15/12