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Bullish Moving Average Cross by Adobe Sys Inc (ADBE)

By Amy Schwartz

Adobe Sys Inc (NASDAQ:ADBE) shares have crossed bullishly above their 10-day moving average of $306.54 on a volume of 528K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Adobe Sys Inc share prices have been bracketed by a low of $204.95 and a high of $310.61 and are now at $310.14, 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Adobe Sys Inc on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $282.59. Since that recommendation, shares of Adobe Sys Inc have risen 8.2%. 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