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Shares of Adobe Sys Inc Down on Above Average Volume, Moving Against Trend (ADBE)

By Shiri Gupta

Adobe Sys Inc shares are trading on heavy volume today, having fallen 5.4% to $253.34. Today's volume of 3.3 million shares tops the average 30-day volume of 2.8 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

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 24% above that low price at $253.34 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.2%.

Keywords: unusual volume adobe sys inc

Ticker(s): ADBE