Adobe's stock price has been declining over the past month, currently trading below its 50, 100, and 200-day moving averages, with the chart drawing a "death cross" pattern around mid-April, which further confirms the bearish sentiment. The stock now trades at a 25% discount compared to the highs earlier this year. The Volume Oscillator currently stands at 1.3%,...
SSTK continues to advance to the upside. Picking up momentum against broader indices. If the indices have a recovery here off this pullback I think we could see SSTK on it's way to 130+. Good luck traders!
I believe the risk / reward ratio on Adobe is a good swing trade at the moment. The Adobe Max Conference is coming up in a few days, and historically Adobe stock has benefited from this. There is speculation about a possible Photoshop for iPad release as well, which could give investors a lot of hype.