Adobe Systems Inc (NASDAQ: ADBE) at
Support Says Market Timer Frank Kollar
December 1, 2009 (FinancialWire) (By Frank Kollar)
Shares of Adobe Systems Inc (NASDAQ: ADBE) have risen
119% since their bear market lows in early March.
Adobe has always been a volatile stock, but in that volatility,
if it trends, is the potential for profits.
During the entire March through November advance, Adobe
has held above its 50-day moving average for almost the
entire time, with only a few short dips below it.
The 50-day moving average is one of the simplest of trading
tools, but if it works, there is no reason to look for
something more complicated.
Adobe has again declined to the 50-day average and on
Monday, November 30, shares dipped to touch the average
intra-day for the second day in a row.
If the advance remains intact, we should see shares again
rise to test their prior highs at the $37 dollar level
in coming weeks.
The Fibtimer.com (http://www.fibtimer.com)
Stock Timing Strategy holds a position in Adobe Systems.
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.
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.
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