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ADOBE SYSTEMS INC
(ADBE-Nasdaq):
Technical Viewpoint: From a low
of $27.88 on Mar 15, 2001 prices
rallied, reaching a
high of $37.94
on Mar 23, 2001. A
decline saw prices pull back, reaching a
low of
$29.46 on Apr 4, 2001.
Another rally saw prices penetrate
resistance, closing 4/5/01
at $34.90. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Apr 5, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.50. Resistance: Is at $37.00.
Point & Figure: Reversed to the upside on Apr 5, 2001. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! ADOBE SYSTEMS INC
(ADBE-Nasdaq) @ $35.12 Stop: Use a protective stop of $32.50.
ADOBE SYSTEMS INC is currently trading @ $34.90 plus $5.38 on Apr 5, 2001. Price Objective:
$51.00. Risk/Reward: $2.62 VS. $15.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$51.00
Risk/Reward:
$2.62 VS. $15.88
Risk/Reward Ratio:
6:1
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