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3 Big Stocks on Traders' Radars

Adobe Systems

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Nearest Resistance: N/A

Nearest Support: $57

Catalyst: Q4 Earnings

>>5 Stocks Insiders Love Right Now

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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SYM TRADE IT LAST %CHG
ADBE $75.00 0.00%
CSCO $28.89 0.00%
QCOM $68.37 0.00%
AAPL $125.80 0.00%
FB $77.56 0.00%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

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