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The exact opposite is happening in shares of
Adobe Systems (
ADBE). The $30 billion creative software company is up more than 11% this afternoon following positive fourth-quarter earnings that proved bullish enough to shove shares to new highs. In recent years, Adobe's decision to move from a conventional software model to a cloud-based recurring subscription model made some shareholders anxious - but it's clearly delivering impressive performance in ADBE right now. Today's breakout is a buying opportunity for momentum traders.
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