Adobe Systems Inc. (ADBE) was reviewed in June. At that time I wrote, "While there is a small bearish divergence from the 12-day momentum study, all our other indicators are bullish. ADBE could dip slightly in the normal course of its uptrend but I suspect it could be shallow and brief. Traders could raise sell stop protection to just below $220 and $260, $283 and now $300 are my price targets."
Looking over the price action since early June I can see that our $260 price target has been reached and our stop loss order has not been approached. Let's check the charts and the condition of the indicators to see how bullish we should be going forward on Adobe, which also earns notice this morning in Jim Cramer's opener.