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Adobe Sys Inc Bullish Moving Average Crossover Alert (ADBE)

By James Quinn

Adobe Sys Inc (NASDAQ:ADBE) crossed over its 10-day moving average of $307.35 on a volume of 187K shares. This may provide swing traders with an opportunity 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 $255.13 and a high of $386.75 and are now at $312.53, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% 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: moving crosses adobe sys inc

Ticker(s): ADBE