Adobe Systems Crosses Above its 10-day MA (ADBE)
Today, shares of Adobe Systems (NASDAQ:ADBE) have advanced above their 10-day MA of $108.80 on a volume of 364K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Adobe Systems share prices have moved between a 52-week high of $110.13 and a 52-week low of $71.27 and are now trading 54% above that low price at $109.67 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.
SmarTrend recommended that subscribers consider buying shares of Adobe Systems on July 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.95. Since that recommendation, shares of Adobe Systems have risen 10.9%. We continue to monitor ADBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses adobe systems