ADBE Powers to $353.80 on Strong EMA Stack
BullishAdobe Inc (ADBE) closed up 0.24% at $353.80 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($352.29) with a bullish stack. The 21-day EMA at $346.34 provides support.
Momentum
RSI at 61.5 is in neutral territory but trending lower. MACD is bullish (6.09 vs signal 5.25).
Volatility
Bollinger Band width at 14.5% indicates normal volatility.
Key levels to watch: Support at $319.21, Resistance at $369.10.