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Bullish Moving Average Cross by Adobe Systems (ADBE)

By David Diaz

Adobe Systems (NASDAQ:ADBE) shares have crossed bullishly above their 10-day moving average of $139.85 on a volume of 733K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Adobe Systems has traded in a range of $71.27 to $144.34 and is now at $141.18, 98% above that low. The 200-day and 50-day moving averages have moved 0.27% higher and 0.96% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Adobe Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Adobe Systems in search of a potential trend change.

Keywords: moving crosses adobe systems

Ticker(s): ADBE