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Adobe Sys Inc Crosses Below its 10-day MA (ADBE)

By James Quinn

Adobe Sys Inc (NASDAQ:ADBE) shares have crossed bearishly below their 10-day moving average of $270.17 on a volume of 324K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Adobe Sys Inc has traded in a range of $204.95 to $277.61 and is now at $269.25, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

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