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cmaroun

ADBE Head and Shoulder

Short
Adobe Inc. (BATS:ADBE)  
cmaroun  
BATS:ADBE   Adobe Inc.
0
3
Adobe closed on the 26/10/2012 with relatively high volumes @ 34.01 after touching the 34.10 resistance level. It's daily chart shows a clear head and shoulder pattern that could send the stock lower to the 28.00 levels.
Fundamentally the co. is fairly valued.
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