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eBay Inc. (EBAY/NASD): general analysis 18 July 2018, 14:26

eBay Inc. (EBAY/NASD): general analysis 18 July 2018, 14:26 Scenario Timeframe Intraday Recommendation BUY STOP Entry P...

Oct 12, 2017

Adobe Systems Incorporated (ADBE/NASD) 12 October 2017, 12:45

Timeframe Intraday
Recommendation BUY
Entry Point 153.65
Take Profit 156.50, 159.00
Stop Loss 151.50
Key Levels 144.00, 150.00, 153.50, 156.50
Current dynamics
Adobe shares are growing again, after the fall due to the publication of the quarterly report on September 19. Quotations of the issuer fell to the level of 144.58, and then increased by more than 5%. In the third quarter of fiscal 2017, Adobe increased revenue and profit compared to last year's figures by 26% and 55%, respectively. In the fourth quarter, the company expects revenues of $1.95 billion, with a profit of $0.86 per share.
Over the last week, Adobe shares rose by 3.85%. The S&P 500 index for the same period increased by 0.26%.
Support and resistance
Last week, the issuer couldn’t overcome the key demand zone of 144.00-146.00, which triggered the continuation of the global uptrend. At the moment, the price is testing the "mirror" resistance of 153.50. Indicators show the strength of buyers: the price consolidated above 50 MA and 200 MA; MACD is located in the positive zone and is still rising.
A comparative analysis of the company's multipliers and competing companies in the industry shows that #ADBE is undervalued.
Support levels: 150.00, 144.00.
Resistance levels: 153.50, 156.50.

Trading tips
If the price overcomes the level of 153.50, we expect further growth of quotations #ADBE. The stop loss will be at the level of 151.50. The potential profit levels are in the range of 156.50-159.00. When tracking the position, it is advisable to use a trailing stop.
Trading scenarios will be relevant for 2-3 days.

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