Adobe broke a downtrend today in a move that signals rising investor confidence in the software company. Adobe has an 8.4/10 analyst summary score and is rated undervalued by S&P Capital IQ.
Comment:
We got some positive guidance on ADBE's earnings report, and they also have some great products planned. Options activity is mostly bullish.
Trade closed manually:
This is probably the top in Adobe for now. If you joined me in this trade, congratulations on 18% profit!
