ADBE - 13 dma line crossed below 50 dma
Chart courtesy of stockchartsWell, another great session for Bears. On short term I'm still Bearish on US stock markets and I think this correction isn't over. The next few days will be very important as March lows will be surely be tested and 200 dma line on Nasdaq too. I suppose !!! So be careful if you are on the Longside.
ADBE shares fell today 2.5% with a significant increase of volume closing at 38.65$. Looking at the chart the 13 dma line crossed below 50 dma, not a good signal for Bulls. Adobe Systems it will Webcast its first quarter fiscal year 2007 earnings conference call on March 20, 2007.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all. Have a nice evening !!!
AC
Labels: ADBE
