ADBE supported by the upside gap @ 90. This is the stop for longs, too source: stockcharts.com
ADOBE shares could move down to $78 where the 100-SMA is located without signaling a reversal of the uptrend. The 100-SMA has held prices nicely a few times this year. Bullish. ADBE (9 months) Chart courtesy of http://www.StockCharts.com Please read the Disclaimer!
6 month old uptrend line was broken for ADBE shares this week. There is nice support @ $72 and $70 and $67. Short-term bearish with a stop-loss @ $76. ADBE stock price (1 year) Chart courtesy of StockCharts.com. http://stockcharts.com Please read the Disclaimer!