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Look for Shares of Adobe Sys Inc to Potentially Pullback after Yesterday's 2.27% Rise

By Shiri Gupta

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $249.38 to a high of $253.94. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $250.85 on volume of 1.1 million 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, shares of Adobe Sys Inc have traded between a low of $141.57 and a high of $258.91 and are now at $253.66, which is 79% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.

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