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Watch for Shares of Adobe Systems (ADBE) to Approach Resistance at $139.55

By Shiri Gupta

Adobe Systems (NASDAQ:ADBE) has opened bullishly above the pivot of $137.49 today and has reached the first level of resistance at $138.70. Should the shares continue to rise, the resistance pivots of $139.55 and $141.61 will be of interest.

There is potential upside of 0.0% for shares of Adobe Systems based on a current price of $0.00 and an average consensus analyst price target of $123.12. The stock should run into initial resistance at its 200-day moving average (MA) of $87.29 and subsequent resistance at its 50-day MA of $91.82.

In the past 52 weeks, Adobe Systems share prices have been bracketed by a current low of $0.00 and a high of $144.34 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

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

Keywords: pivot alerts adobe systems

Ticker(s): ADBE