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Watch for Adobe Sys Inc to Potentially Rebound After Falling 1.13% Yesterday

By Shiri Gupta

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, shares of Adobe Sys Inc have traded between a low of $165.68 and a high of $277.61 and are now at $243.05, which is 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