Software Stock's Pullback Presents Attractive Entry Point

Shares of technology powerhouse Adobe Inc (NASDAQ:ADBE) are 0.6% higher to trade at $605.25 this afternoon. The stock has so far shed 2.4% in February, taking its year-to-date lead dangerously close to breakeven. However, ADBE is still 59.8% higher in the last 12 months, with support stemming from a moving average that has proven to be bullish time and again.According to Schaeffer's Senior Quantitative Analyst Rocky White, the equity is trading within one standard deviation of its 100-day moving average, af ...