Stock to Sell #2: Adobe Systems (ADBE)
Software company Adobe Systems Incorporated (NASDAQ: ADBE) completed a bearish rounding top in May. Despite bullish opinions from some major research firms, the implication of this breakdown gives a target in the low $20s. From a technical perspective, the recent rally to the $30 area provides a good opportunity to sell this stock.
Traders should consider short-selling ADBE. But please check with your broker to confirm that you are able to borrow shares before selling short. And place a buy stop at a higher price than your selling price to protect against extreme loss.