Adobe Inc (ADBE)

[MiamiGent]

ABDE Technicals From Trading Central, 3-17-15


ADOBE SYSTEMS

79.66 Up 1.33 (1.70 %) as of 4:00:00pm ET 03/17/2015

WATCH Adobe Systems ST: as long as 75.9 is support look for 82.8

Short Term View: Limited Rise

Recent Technical Change: Upgrade

Medium Term View: Bullish

Our pivot point stands at 75.9.

Our preference: as long as 75.9 is support look for 82.8.

Alternative scenario: the downside breakout of 75.9 would call for 73.6 and 72.2.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 77.95 and 74.41). Adobe Systems is currently trading near its 52 week high reached at 80.3 on 27/02/15.

Supports and resistances:

85.7 **

84.2 *

82.8 **

81.4

78.33 last

76.9

75.9 **

73.6 *

72.2 ** Less