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Analog Devices (ADI) was at the bottom of its channel Friday morning.
It rose strongly all day, and closed at the high 26 1/4
I may have missed this one, but I have an order in today for 25 1/4,
just in case it goes back down today.
I draw the channel support line through the lows of 3/25/97, 4/23, and
5/23. This line coincides with the 50-day MA for the last month. The
top of the channel goes through the highs of 4/7 and 5/8.
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