Adobe broke a downtrend today in a move that signals rising investor confidence in the software company. Adobe has an 8.4/10 analyst summary score and is rated undervalued by S&P Capital IQ.
Note
We got some positive guidance on ADBE's earnings report, and they also have some great products planned. Options activity is mostly bullish.Trade closed manually
This is probably the top in Adobe for now. If you joined me in this trade, congratulations on 18% profit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.