Adobe Systems ( ADBE) is best known for its multimedia software. Let's check out the charts. 
In this daily bar chart of ADBE, below, I see that prices made lows in the September/November time frame and rallied, ADBE traded sideways from February to early May and then launched a fresh upside assault. Prices have broken above the February and April highs. ADBE trades above the rising 50-day moving average line. The On-Balance-Volume (OBV) line shows a slow rise from September but it is a rise and tells us that buyers of ADBE have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator turned bullish recently.
In this weekly Japanese candlestick chart of ADBE, below, I see a constructive picture. Prices are trading above the bottoming 40-week moving average line. The weekly OBV line is stair-stepping higher. The MACD oscillator is above the zero line now. The most recent candle pattern is not a reversal pattern and does not have an upper shadow.
In this daily Point and Figure chart of ADBE, below, I can see an upside price target in the $467 area.
In this weekly Point and Figure chart of ADBE, below, I see that the software is projecting a price target in the $635 area.
Bottom line strategy: ADBE could trade sideways around the $420 area for a few days or more. Traders could use this sideways action to buy ADBE. Risk to $390 for now. The $467 area is my first price target.
