goledger

Adobe rallying on volume prior to earnings

Long
NASDAQ:ADBE   Adobe Inc.
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.


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