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After Yesterday's Rally of 2.29% Shares Could Potentially Pullback

By Shiri Gupta

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $268.00 to a high of $277.61. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $270.94 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Adobe Sys Inc share prices have moved between a 52-week high of $277.61 and a 52-week low of $143.95 and are now trading 91% above that low price at $275.51 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

Keywords: rebounders adobe sys inc

Ticker(s): ADBE