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Adobe Sys Inc Bearish Moving Average Crossover Alert (ADBE)

By David Diaz

Adobe Sys Inc (NASDAQ:ADBE) shares have crossed bearishly below their 10-day moving average of $259.16 on a volume of 3.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Adobe Sys Inc share prices have moved between a 52-week high of $277.61 and a 52-week low of $204.95 and are now trading 24% above that low price at $253.34 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Adobe Sys Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $229.95. Since that recommendation, shares of Adobe Sys Inc have risen 16.4%. We continue to monitor ADBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses adobe sys inc

Ticker(s): ADBE