|Day Low/High||434.80 / 444.44|
|52 Wk Low/High||255.13 / 470.61|
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The chart suggests sellers of the name have become more aggressive in recent weeks.
The longer-term bullish trend of ADBE should dominate, but further sideways price action could mark trading in the short run.
Adobe Systems shares were in focus on Thursday after it agreed to buy video advertising company TubeMogul.
After the election passes we are going to talk about companies again -- and these have done well.
The software giant is growing Office revenue by selling customers on cloud subscriptions whose feature sets steadily improve.
It may be outdated, and some names can be ruled out, but at least one is intriguing.
The names in Salesforce.com's leaked list of potential takeout targets have been kicked around for a long time, so don't get too excited about it, says Jim Cramer.
The new highs for Adobe give you a chance to raise your stop loss orders.
Investors seeking to conquer the cloud should start by snapping up shares of Adobe, Salesforce, Workday and Wix.com
And what happened to all those predicting a surprise rate hike?
There are still upside challenges ahead, but today's powerful breakout is very bullish.
But the Fed meeting is difficult to play in the markets.
Jim Cramer says he was impressed with Adobe's better-than-expected quarterly results.
U.S. stocks rose Wednesday ahead of the Federal Reserve's statement and press conference.
Can any of these trends be stopped by rate hikes? No, as they are secular in nature.
ADBE has been a strong performer for years, but its rally is slowing.
On Tuesday, September 20, investors await quarterly results from FedEx..
The Federal Reserve takes center stage for the week of September 19.
Meanwhile, too many investors are still waiting for the 'big one.'
The company missed the last quarter, but you wouldn't know it listening to the call.
This may be the quarter where the cloud comes together for the company, which could see its stock rise if it is.
The big issue is if the market can build on Friday's jobs good news.
Shares of Adobe plunged Wednesday after the company reported a disappointing sales outlook as it moves customers to a cloud-based subscription model.
TSLA got hammered after the company purchased solar energy company SolarCity.