Adobe Systems (ADBE) NewsBite - ADBE Rises on Upgrade

Posted: Wednesday, March 17, 2010 10:00 AM EDT
By: Market Intelligence Center Staff





Adobe Systems (NASDAQ: ADBE) opened at $35.57. So far today, the stock has hit a low of $35.55 and a high of $36.08. ADBE is now trading at $36.05, up $1.03 (2.94%). Over the last 52 weeks the stock has ranged from a low of $18.16 to a high of $38.20. Analysts at Brigantine upgraded ADBE to Buy from Hold today. Technical indicators for the stock are bullish and S&P gives ADBE a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ADBE the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Hedged Trade Ideas For ADBE:



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