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Look for Shares of Adobe Sys Inc to Potentially Rebound after Yesterday's 1.13% Sell Off

By James Quinn

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $238.00 to a high of $244.29. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $244.98 on volume of 609,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Adobe Sys Inc share prices have been bracketed by a low of $165.68 and a high of $277.61 and are now at $243.05, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.3%.

SmarTrend is monitoring the recent change of momentum in Adobe Sys Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Adobe Sys Inc in search of a potential trend change.

Keywords: rebounders adobe sys inc

Ticker(s): ADBE