Monday, October 16, 2017 12:03:15 PM
Leading software giant Adobe Systems Inc(NASDAQ:ADBE) is coming under heavy selling pressure since the opening bell. Earlier today, ADBE stock was downgraded to a Hold from Buy at Deutsche Bank. The drop in the stock is now about 2.80 percent. Traders and investors should note that this coming Friday is options expiration for the month of October and many stocks will get hit and benefit by countless upgrades and downgrades that will occur this week. Unfortunately, ADBE stock was downgraded today and shareholders are feeling the pain of the decline. Traders and investors should now watch for daily chart support in ADBE around the $146.85 level. Please remember, daily chart support level are usually good for three to five trading days.
Nicholas Santiago
InTheMoneyStocks
Recent ADBE News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
