ADBE closes higher for the 3rd day in a row
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.
Market Conditions for Adobe Systems Inc
|3 Consecutive Lower Closes||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
|Bullish Hikkake Pattern||TQ Pro Members Only|
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