Adobe trades lower following earnings, levels to watch The stock is trading lower by 2.5% to $66.81 following the company's earnings report yesterday. At current price which is close to session lows, next support is at $64.84. Resistance is at the 10-day moving average which was broken on this move lower, last at $68.09. The break of the 10-day is short-term price bearish for share price.
FireEye, Adobe among quality 'flushed out' tech names, says JPMorgan JPMorgan analyst Sterling Auty says that market disruptions like the one seen in the last several days have historically provided a unique opportunity to invest in high-quality names and identified FireEye (FEYE), Adobe (ADBE), Veeva Systems (VEEV) and Rovi (ROVI) as four particularly interesting tech stocks that "appear flushed out" and now offer "exaggerated" risk/reward. The firm has Overweight ratings on all four stocks mentioned above after having upgraded Rovi to Overweight this morning.