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Watch for Shares of Adobe Sys Inc (ADBE) to Approach Resistance at $250.68

By Nick Russo

Adobe Sys Inc (NASDAQ:ADBE) has opened bullishly above the pivot of $239.68 today and has reached the first level of resistance at $244.63. Should the shares continue to rise, the resistance pivots of $250.68 and $261.68 will be of interest.

Adobe Sys Inc has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $248.64. The stock should find initial resistance at its 200-day moving average (MA) of $233.21 and further resistance at its 50-day MA of $260.33.

In the past 52 weeks, Adobe Sys Inc share prices have been bracketed by a current low of $0.00 and a high of $277.61 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.62% higher and 0.03% lower over the past week, respectively.

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: pivot alerts adobe sys inc

Ticker(s): ADBE