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After Yesterday's Decline of 4.43%, Adobe Sys Inc Offers Investors Better Value

By Amy Schwartz

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $252.96 to a high of $258.50. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $259.01 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Adobe Sys Inc share prices have moved between a 52-week high of $277.61 and a 52-week low of $204.95 and are now trading 25% above that low price at $255.84 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Adobe Sys Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $229.95. Since that recommendation, shares of Adobe Sys Inc have risen 16.4%. We continue to monitor ADBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders adobe sys inc

Ticker(s): ADBE