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Adobe Systems Inc (ADBE-Q) Quote - Press Release

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SmarTrend Watching for Potential Pullback in Shares of Adobe Sys Inc After 3.21% Gain

Comtex SmarTrend(R) - Tue Nov 5, 10:50AM CST

Adobe Sys Inc (NASDAQ:ADBE) traded in a range yesterday that spanned from a low of $283.60 to a high of $292.88. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $281.82 on volume of 3.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Adobe Sys Inc have traded between a low of $204.95 and a high of $313.11 and are now at $290.21, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

Write to SmarTrend at cs@mysmartrend.com

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