dmkelley721

ADBE: Triple Top

Short
BATS:ADBE   Adobe Inc.
It seems like Adobe is getting major resistance at around $561. Looks like a "triple-top" to me, my guess is that it goes down from here. Considering the DJI, SP500 and NDQ are all reaching overbought levels in a downward trend, I'd say now is a good time to get out, or short if you can. If it breaks through $550, then it looks like the next key support/resistance levels are around $510.
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