NEW YORK, NY / ACCESSWIRE / November 27, 2017 / U.S. markets closed at record level on Black Friday driven by holiday shopping as data from Adobe Analytics reported that $1.52 billion was spent by online shoppers on Thanksgiving Day. The Dow Jones Industrial Average was up by 0.14 percent to close at 23,557.99. The S&P 500 Index gained 0.21 percent to close at 2,602.42 as seven out of 11 main sectors closed in the green, while the Nasdaq Composite Index jumped 0.32 percent to close at 6,889.16.

"The pre-sales data indicate a better performance compared with last year; early numbers point at a solid 18% year-over-year increase in November sales so far. U.S. households? holiday spending could increase as much as 4% compared with last year, according to Bloomberg news," said Ipek Ozkardeskaya, senior market analyst at LCG.com.

RDI Initiates Coverage on:

Adobe Systems Incorporated
https://rdinvesting.com/news/?ticker=ADBE

Electronic Arts Inc.
https://rdinvesting.com/news/?ticker=EA

Adobe Systems stock edged 0.85% higher Friday, to close the day at $184.46. The stock recorded a trading volume of 662,988 shares, which was below its three months average volume of 2,648,728 shares. In the last year, Adobe Systems shares have traded in a range of 98.00 - 185.55. The share price has gained 88.22% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $172.78 is greater than its 200-day moving average of $152.63. Shares of Adobe Systems are trading at a Price to Earnings ratio of 57.99. Shares of Adobe Systems have gained roughly 6.16 percent in the past month and are up 79.17 percent year-to-date.

Access RDI's Adobe Systems Incorporated Research Report at:
https://rdinvesting.com/news/?ticker=ADBE

On Friday, shares in Electronic Arts Inc. recorded a trading volume of 1,306,290 shares, which was below the three months average volume of 2,867,311 shares. The stock ended the day 0.58% higher at 107.94. The share price has gained 46.38% from its 52 week low with a 52 week trading range of 73.74 - 122.79.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $113.62 is below its 200-day moving average of $114.08. Shares of Electronic Arts Inc. are trading at a Price to Earnings ratio of 28.90. Shares of Electronic Arts have fallen roughly 6.81 percent in the past month and are up 37.05 percent year-to-date.

Access RDI's Electronic Arts Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EA

Our Actionable Research on Adobe Systems Incorporated (NASDAQ: ADBE) and Electronic Arts Inc. (NASDAQ: EA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com