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Recent 52-Week High Exceeded in Shares of Adobe Sys Inc (ADBE)

By David Diaz

Shares of Adobe Sys Inc (NASDAQ:ADBE) traded at a new 52-week high today of $233.17. This new high was reached on below average trading volume as 357,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

Adobe Sys Inc (NASDAQ:ADBE) defies analysts with a current price ($231.51) 5.9% above its average consensus price target of $217.81. Adobe Sys Inc shares have support at the 50-day moving average (MA) of $91.82 and additional support at the 200-day MA of $87.29.

Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company's products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information.

Over the past year, Adobe Sys Inc has traded in a range of $90.35 to $233.17 and is now at $231.51, 156% 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 Sys Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Adobe Sys Inc in search of a potential trend change.

Keywords: 52 week high/lows adobe sys inc

Ticker(s): ADBE