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Adobe Sys Inc Bearish Moving Average Crossover Alert (ADBE)

By Amy Schwartz

Adobe Sys Inc (NASDAQ:ADBE) shares have crossed bearishly below their 10-day moving average of $280.90 on a volume of 3.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Adobe Sys Inc share prices have been bracketed by a low of $204.95 and a high of $313.11 and are now at $275.52, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.7%.

SmarTrend is tracking the current trend status for Adobe Sys Inc and will alert subscribers who have ADBE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses adobe sys inc

Ticker(s): ADBE