Adobe Stock's Breather Could Be Short-Lived

Adobe Inc (NASDAQ:ADBE) stock is down 1.1% at $628.06 at last check, but in the previous session hit a two-year high of $638.25, after long-time support at its 100-day moving average contained its January pullback to the $566 region. ADBE could soon extend its 65.4% nine-month lead, too, if past is precedent. The stock is sporting historically low implied volatility (IV), which coincides with the security's recent highs to make up a bullish combination. Per Schaeffer's Quantitative Analyst Rocky White, ther ...