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Adobe stock price (NASDAQ: ADBE) rose 7% in the previous week.
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ADBE stock price is in a strong uptrend and trading above the 200-day EMA.
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Adobe Inc.’s next quarterly earnings are scheduled on Sep 14, 2023.
Adobe stock price (NASDAQ: ADBE) gained 7% (approx.) in the previous week and hit a 52-week high at $569.98. ADBE stock price is rising upward by forming higher high swings which showcase the dominance of buyers.
Adobe stock price sustained above the 50-day and 200-day EMA indicating the uptrend. Any short-term downfall getting absorbed near to the 50-day EMA support indicates the strength of bulls.
At the beginning of June, Adobe stock broke out of the $440 hurdle with a strong buying volume. It triggered a positive sentiment and prices continued the rally.
Later, in the middle of June, ADBE stock price consolidated for some time in the narrow range and formed a short-term base. Buyers won the battle and prices broke the
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