Adobe Stock Jumps 15% After AI-Fueled Earnings Beat—Watch This Key Level

Key TakeawaysAdobe shares surged nearly 15% in extended trading on Thursday after the media software maker reported earnings that topped analysts' estimates and lifted its full-year guidance amid robust demand for its suit of generative AI digital media products.Monitor the $535 level on Adobe's chart, an area where the price may encounter selling pressure near the closely watched 50% Fibonacci retracement level that sits in close proximity to the downward sloping 200-day moving average and a period of Febr ...