Technical Breakdown: ADBE Loses EMA Support at $255.17
Adobe Inc (ADBE) gained 3.45% to finish at $255.17 on February 25.
Technical indicators paint a mixed picture:
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $240.50.
Traders are watching $240.50 on the downside and $301.82 on the upside.