ADBE reached bottom and coming nicely out of the triangle
ADBE .. go long above 314.5 target 320 - 322
ADBE’s innovation outlook is trending up based on a current score of 77 out of 99, outperforming sector average. Jobs growth over the past year has decreased and insiders sentiment is negative. ADBE is an Outperformer in terms of sustainability. It is most exposed to WPP plc as its supplier. Over the past 4 quarters ADBE beat earnings estimates 3 times. For more...
ADBE just had a positive ER for this quarter. This stock gapped up after earning report, filled the gap a few days later as a result of profit taking. ADBE has managed to hold above resistance-turned-support line in the mid of bloody red market after Trump's China Tariff tweet. It will most probably bounce higher for the next few weeks.