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Adobe Sys Inc Bullish Moving Average Crossover Alert (ADBE)

By Shiri Gupta

Today, shares of Adobe Sys Inc (NASDAQ:ADBE) have crossed bullishly above their 10-day moving average of $280.96 on a volume of 299K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Adobe Sys Inc have traded between a low of $204.95 and a high of $291.71 and are now at $284.95, which is 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.2%.

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 21.6%. We continue to monitor ADBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses adobe sys inc

Ticker(s): ADBE