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After Yesterday's Rally of 1.58% Shares Could Potentially Pullback

By Nick Russo

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $177.70 to a high of $180.60. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $177.80 on volume of 843,000 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 $90.35 and a high of $186.27 and are now at $180.40, 100% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 0.96% higher over the past week, respectively.

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