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ADOBE SYSTEMS
(ADBE-Nasdaq):
Technical Viewpoint: From a low
of $54.80 on Jan 28, 2005 prices
rallied, reaching a
high of $65.15
on Feb 15, 2005. A
decline saw prices pull back, reaching a
low of
$60.38 on Feb 24, 2005.
Another rally saw prices penetrate
resistance, closing 3/18/05
at $67.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 18, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $62.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 18, 2005. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! ADOBE SYSTEMS
(ADBE-Nasdaq) @ $68.38 Stop: Use a protective stop of $65.88.
ADOBE SYSTEMS is currently trading @ $67.81 plus $3.92 on Mar 18, 2005. Price Objective:
$79.00. Risk/Reward: $2.50 VS. $10.62. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.00
Risk/Reward:
$2.50 VS. $10.62
Risk/Reward Ratio:
4:1
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