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Adobe Sys Inc (ADBE) Crosses Pivot Point Support at $457.43

Comtex SmarTrend(R) - Fri Oct 30, 9:13AM CDT

Shares of Adobe Sys Inc (NASDAQ:ADBE) have bearishly opened below the pivot of $461.07 today and have reached the first support level of $457.43. Investors may be interested in a cross of the next downside pivot targets of $453.74 and $446.41.

Adobe Sys Inc share prices have moved between a 52-week high of $536.88 and a 52-week low of $255.13 and are now trading 80% above that low price at $458.26 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

Adobe Sys Inc (NASDAQ:ADBE) defies analysts with a current price ($458.26) 45.7% above its average consensus price target of $248.64. The stock should find resistance at its 50-day moving average (MA) of $489.48, as well as support at its 200-day MA of $406.06.

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.

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