Adobe Got a Blue Sky ahead of $585 Target
We have discussed new Buy opportunities in Adobe just a few days ago, and now it surged from a $520-530 range $547.78 at June 28 close. It feels like the market is listening to us). The stock's price rose by more than 3.5% in one trading session and broke the resistance level at $535, which previously prevented Adobe from flying to the next sky levels, and now the major technical barrier has passed. Congratulations, as the way is clear until $585 at least, where the peaking price in mid-March was recorded. Hopefully, Adobe is now our new leader, which deserves testing $585 per share, as the first goal, which could be easily acceptable.
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