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Thursday, October 7, 2010

Adobe Systems Inc. (ADBE) Stock Pops on Rumors

Shares of Adobe Systems Inc. (ADBE) popped over 11% on Thursday after it was reported that the CEO sat down with Microsoft's Steve Ballmer. Adobe Systems Inc. (ADBE) stock traded nearly 67 million shares on the day.

As for technical analysis, Adobe Systems has resistance at $30 now.

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