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Adobe Sys Inc Set to Possibly Pullback After Yesterday's Rally of 1.88%

By James Quinn

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $278.06 to a high of $280.93. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $276.71 on volume of 669,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Adobe Sys Inc share prices have been bracketed by a low of $204.95 and a high of $313.11 and are now at $280.15, 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.9%.

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: rebounders adobe sys inc

Ticker(s): ADBE