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TMCNet:  Upgrade Alert for Adobe Systems (ADBE)

[April 11, 2013]

Upgrade Alert for Adobe Systems (ADBE)

Apr 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Adobe Systems (NASDAQ:ADBE) was upgraded from Sell to Neutral at Goldman Sachs today. The stock closed yesterday at $44.70 on volume of 5.8 million shares, above average daily volume of 4.0 million. Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company's products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information.

Adobe Systems (NASDAQ:ADBE) is currently priced 13.6% above its average consensus analyst price target of $38.64. The stock should discover initial support at its 50-day moving average (MA) of $40.68 and subsequent support at its 200-day MA of $35.42.

In the past 52 weeks, shares of Adobe Systems have traded between a low of $29.52 and a high of $45.40 and closed yesterday at $44.70, which is 51% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Adobe Systems on September 14th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.06. Since that recommendation, shares of Adobe Systems have risen 35.2%. We continue to monitor ADBE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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