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Bullish Moving Average Cross by Adobe Sys Inc (ADBE)

By Shiri Gupta

Today, shares of Adobe Sys Inc (NASDAQ:ADBE) have advanced above their 10-day MA of $289.19 on a volume of 385K 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 $313.11 and are now at $289.98, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

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