Great 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.
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.