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1ADBE trade ideas

Adobe rallying on volume prior to earningsGreat company. They are scheduled to report earnings next week on June 17th. It appears many investors want to get long the stock before that date. Note: Adobe is the 12th largest company in the Nasdaq100 (based on market cap) and ytd price performance is in line with the NDX. But the stock is currently trading 2 standard deviations above is average ytd price, in a fairly strong uptrend. The 3 black lines are the ytd linear regression with a 1% std dev. The blue rectangular area, is just an overlay on the 31 March to 11 June price movement (from $468 to $541, a positive 9% upturn). The small graph at the bottom of the chart is Williams %R which indicates overbought.
NASDAQ:ADBELong
by goledger
ADOBE waiting to be unleashed!Adobe has been trading sideways for almost 9 months now, bouncing off the Strong Support level and not breaking out of the Strong Resistance level for long. It could possibly dip to the $455 Strong Support line again and bounce up and out of the resistance around the time of next earnings report. I am taking my position now because I think this could shoot up at any moment. Will buy any dips along the way. Could see all time highs, I might take SOME profits around $520. Current RSI: 40 Average Price Target (Analysts): $570 Current PE Ratio: 41.5 Net Profit Margins: INSANE 40% Total Assets: $24.9 Billion Total Debt: $4.7 Billion This is not financial advice, just my own personal investment plan.
NASDAQ:ADBELong
by mattyice2012
$ADBE bullish flag patternADBE has been treating us with a nice bullish flag above the ascending channel that has been going on since 2018. Last month the flag was broken upward, signaling a continous uptrend if fundementals allow for it. Before adobe is ready to conquer new ground, it is looking for support. Without it, it has bounced back into the channel from a small resistance around 520. Places where support can be found: Weak support at 473, strong Support at 458. I believe it will not fall below 458, if it does we will go back into the channel and fall further down. Facing resistance around 536 (previous ATH) and 613 (fib), BUT if ADBE is able to break them, we could well be able to see a continuation of the strong uptrend before the flag and reach for a target around 667.
NASDAQ:ADBELong
by EvelynDesi
2
$ADBE 8 Month Consolidation Break-Out Watch ListWhile the swings have been large (high volatility) $ADBE has been consolidating for just over 8 months. Adobe reported earnings on March 23 and beat expectations. As you know, it's been a tough market. However, if/when the market firms up $ADBE could very well be a runner. I have an alert set on the short downtrend line. If it can break that with some volume, I'll be looking to open a position. ALL TBD. Ideas not investing / trading advice. From earningswhispers.com: Adobe Systems Beats Adobe Systems (ADBE) reported 1st Quarter February 2021 earnings of $3.12 per share on revenue of $3.9 billion. The consensus earnings estimate was $2.79 per share on revenue of $3.8 billion. The Earnings Whisper number was $2.85 per share. Revenue grew 26.3% on a year-over-year basis. The company said it expects second quarter non-GAAP earnings of approximately $2.81 per share on revenue of approximately $3.72 billion. The current consensus earnings estimate is $2.70 per share on revenue of $3.70 billion for the quarter ending May 31, 2021. The company also said it now expects fiscal 2021 earnings of approximately $11.85 per share on revenue of approximately $15.45 billion. The company's previous guidance was earnings of approximately $11.20 per share on revenue of approximately $15.15 billion and the current consensus earnings estimate is $11.26 per share on revenue of $15.20 billion for the year ending November 30, 2021. Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
NASDAQ:ADBELong
by jaxdog