(Finance) – Lively session today for Adobe Systemsprotagonist of an upward stretch, with an increase of 2.61%.
The decision taken by the San Jose company to improve the guidance in the light of the positive quarterly results contributes to assisting the shares.
“Adobe achieved record revenue in the second quarter, demonstrating strong demand across Creative Cloud, Document Cloud, and Experience Cloud,” said the CEO Shantanu Narayen – Adobe’s breakthrough innovation enables us to lead the new era of generative AI with our rich datasets, building blocks, and ubiquitous product interfaces.”
On a weekly basis, the stock’s trend is more solid than that of NASDAQ 100. At the moment, therefore, the appeal of investors is aimed more decisively at Photoshop and Acrobat producer compared to the reference index.
The short-term technical status of Adobe Systems highlights a broadening of the positive performance of the curve with the first resistance area identified at USD 515.3. Risk of a possible correction up to the 495.6 target. The expectations are for an increase in the uptrendline towards the 535 resistance area.