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Adobe Systems' Charts Cloud Over Case for Buying

Bruce Kamich

During his "Mad Money" program Friday night, Jim Cramer said even if Adobe reports great earnings, investors might not care as they rotate away from the cloud stocks and into other sectors. In this daily bar chart of ADBE, below, we can see that prices have been stalled since early May. ADBE has traded around the cresting 50-day moving average line. The daily On-Balance-Volume (OBV) line shows a rise for much of the past twelve months signaling more aggressive buying the past year.