Adobe Systems (NASDAQ: ADBE) Tries For New Highs Says Market Timer Frank Kollar
March 27, 2007
Shares of Adobe Systems Incorporated (NASDAQ: ADBE), who’s products deliver graphic design, publishing, and imaging software for print, web, and video production , are on the verge of hitting new highs including those highs reached in year 2000.
Adobe hit its year 2000 highs last Wednesday, and pulled back on the ensuing two days. On Monday of this week it rallied back to again close at those highs. A close above $43.50 would likely be the start of a new extended rally in these widely traded shares.
Fibtimer.com (http://www.fibtimer.com) has a position in Adobe in its Stock Timing Strategy.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
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