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Sell Adobe as It Nears a Key High and Momentum Fades

Richard Suttmeier

is a popular play on cloud computing, but investors must recognize that this stock is a trade on technical momentum, not as a value stock. My call is to sell Adobe on strength to its risky level for this week at $284.60 as its weekly slow stochastic reading fades. Adobe has an elevated P/E ratio of 48.37 and does not offer a dividend, according to Macrotrends.