ADBE closes higher for the 3rd day in a row
Adobe Systems Inc (ADBE) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, ADBE finished Thursday at 258.10 gaining $1.97 (0.77%) on high volume. Today's closing price of 258.10 marks the highest close since Inception. Closing above Wednesday's high at 257.90, the stock confirms its breakout through the prior session's high having traded $1.01 above it intraday.
Daily Candlestick Chart (ADBE as at Jun 14, 2018):
Thursday's trading range was $2.33 (0.91%), that's far below last trading month's daily average range of $4.41. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 254.72.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.