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ADBE have performed exceptionally well

frostiix
2023-09-13

Shares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 20-month high. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 14 August, after market close. The consensus EPS is $3.17, well up from $2.63 in same quarter last year.

The company has consistently had around a 3% revenue rise quarter-over-quarter for the last 3 consecutive quarters, and if it this pattern continues, we might see the share price reflect this positive performance. The total assets as of 31 May were $27.8 billion, up 5.74% year-on-year) while total liabilities were $13 billion, up 5.34% year-on-year. That shows a ratio of assets to liabilities of more than 2:1, indicating a financially sound company and therefore an attractive addition to investor portfolios.

From the technical analysis perspective the price has been aggressively bullish, to a 20-month high. It’s currently testing the resistance of the Bollinger bands as well as the inside reaction area of mid-October 2021’s price, while the faster moving 50-day average is trading well above the slower 100-day, further validating the market’s bullish trend.

The price broke above the 61.8% weekly Fibonacci retracement level, which is now a strong technical support for the price. Going to sell my calls and buy more shares. Long Term Hold! $Adobe(ADBE)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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AuntieAaA
·2023-09-14
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(symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 20-month high. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 14 August, after market close. The consensus EPS is $3.17, well up from $2.63 in same quarter last year.<br><br>The company has consistently had around a 3% revenue rise quarter-over-quarter for the last 3 consecutive quarters, and if it this pattern continues, we might see the share price reflect this positive performance. The total assets as of 31 May were $27.8 billion, up 5.74% year-on-year) while total liabilities were $13 billion, up 5.34% year-on-year. That shows a ratio of assets to liabilities of more than 2:1, indicating a financially sound company and therefore an attractive addition to investor portfolios.<br><br>From the technical analysis perspective the price has been aggressively bullish, to a 20-month high. It’s currently testing the resistance of the Bollinger bands as well as the inside reaction area of mid-October 2021’s price, while the faster moving 50-day average is trading well above the slower 100-day, further validating the market’s bullish trend.<br><br>The price broke above the 61.8% weekly Fibonacci retracement level, which is now a strong technical support for the price. Going to sell my calls and buy more shares. Long Term Hold! <a data-mention-id=\"ADBE\" class=\"teditor-mention\" data-mention-name=\"Adobe\" href=\"https://ttm.financial/S/ADBE\">$Adobe(ADBE)$</a> </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ce02d61eb43c838aac016b623905e94b\" tg-width=\"1272\" tg-height=\"456\"></p><p></p></body></html>","htmlText":"<html><head></head><body><p>Shares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 20-month high. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 14 August, after market close. The consensus EPS is $3.17, well up from $2.63 in same quarter last year.<br><br>The company has consistently had around a 3% revenue rise quarter-over-quarter for the last 3 consecutive quarters, and if it this pattern continues, we might see the share price reflect this positive performance. The total assets as of 31 May were $27.8 billion, up 5.74% year-on-year) while total liabilities were $13 billion, up 5.34% year-on-year. That shows a ratio of assets to liabilities of more than 2:1, indicating a financially sound company and therefore an attractive addition to investor portfolios.<br><br>From the technical analysis perspective the price has been aggressively bullish, to a 20-month high. It’s currently testing the resistance of the Bollinger bands as well as the inside reaction area of mid-October 2021’s price, while the faster moving 50-day average is trading well above the slower 100-day, further validating the market’s bullish trend.<br><br>The price broke above the 61.8% weekly Fibonacci retracement level, which is now a strong technical support for the price. Going to sell my calls and buy more shares. Long Term Hold! <a data-mention-id=\"ADBE\" class=\"teditor-mention\" data-mention-name=\"Adobe\" href=\"https://ttm.financial/S/ADBE\">$Adobe(ADBE)$</a> </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ce02d61eb43c838aac016b623905e94b\" tg-width=\"1272\" tg-height=\"456\"></p><p></p></body></html>","text":"Shares of Adobe Inc. (symbol ‘ADBE’) have performed exceptionally well over the last 3 months, reaching a 20-month high. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 14 August, after market close. The consensus EPS is $3.17, well up from $2.63 in same quarter last year. The company has consistently had around a 3% revenue rise quarter-over-quarter for the last 3 consecutive quarters, and if it this pattern continues, we might see the share price reflect this positive performance. The total assets as of 31 May were $27.8 billion, up 5.74% year-on-year) while total liabilities were $13 billion, up 5.34% year-on-year. That shows a ratio of assets to liabilities of more than 2:1, indicating a financially sound company and therefore an attractive addition to investor portfolios. From the technical analysis perspective the price has been aggressively bullish, to a 20-month high. It’s currently testing the resistance of the Bollinger bands as well as the inside reaction area of mid-October 2021’s price, while the faster moving 50-day average is trading well above the slower 100-day, further validating the market’s bullish trend. The price broke above the 61.8% weekly Fibonacci retracement level, which is now a strong technical support for the price. Going to sell my calls and buy more shares. 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