Adobe Stock In New Accumulation Phase Amid AI News, Earnings Optimism
First-quarter earnings season is in the rearview mirror, but a couple of technology heavyweights are on the calendar, including Adobe (ADBE). Adobe stock last month pushed through the 400 level in heavy volume. Adobe stock on Friday gapped out of a long cup base that started in mid-August. X Software stocks sold off hard Wednesday, including Adobe, which fell 3.4% in heavy volume. But ADBE held…
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