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Adobe Sys Inc Bullish Moving Average Crossover Alert (ADBE)

By Amy Schwartz

Today, shares of Adobe Sys Inc (NASDAQ:ADBE) have crossed bullishly above their 10-day moving average of $277.31 on a volume of 167K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Adobe Sys Inc have traded between a low of $204.95 and a high of $291.71 and are now at $279.45, which is 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Adobe Sys Inc and will alert subscribers who have ADBE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses adobe sys inc

Ticker(s): ADBE