Today’s Research Reports on Trending Tickers: Adobe Systems and Clouder

NEW YORK, NY / ACCESSWIRE / March 27, 2018 / U.S markets rallied Monday, after posting their worst weekly loss in two years last week, on easing tensions between the U.S. and China. The Dow Jones Industrial Average gained 2.84 percent to close at 24,202.60, while the S&P 500 Index jumped 2.72 percent to close at 2,658.55. The Nasdaq Composite Index spiked 3.26 percent to close at 7,220.54. The Wall Street Journal has reported that officials from China and the U.S. have begun negotiations “to improve U.S. access to mainland Chinese markets.”

“Big positive moves in stocks tend to come after biggest down days, and today’s action looks like a technical bounce, just because markets were so weak for days,” said Mike Antonelli, equity sales trader at Robert W. Baird & Co., according to MarketWatch.

RDI Initiates Coverage on:

Adobe Systems Inc.
https://rdinvesting.com/news/?ticker=ADBE

Cloudera, Inc.
https://rdinvesting.com/news/?ticker=CLDR

Adobe Systems’ stock jumped 6.46% Monday, to close the day at $228.91. The stock recorded a trading volume of 4,485,445 shares, which was above its three months average volume of 2,859,349 shares. In the last year, Adobe Systems’ shares have traded in a range of 126.36 – 231.34. The share price has gained 81.16% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $208.71 is greater than its 200-day moving average of $182.13. Shares of the company are trading at a Price to Earnings ratio of 61.06. Shares of Adobe Systems have gained roughly 7.90 percent in the past month and are up 30.63 percent year-to-date.

Access RDI’s Adobe Systems Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ADBE

On Monday, shares of Cloudera recorded a trading volume of 2,080,033 shares, which was above the three months average volume of 1,149,093 shares. The stock ended the day 6.41% higher at 21.59. The share price has gained 48.90% from its 52-week low with a 52-week trading range of 14.50 – 23.35. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $18.93 is greater than its 200-day moving average of $17.36. Shares of Cloudera have gained roughly 14.17 percent in the past month and are up 30.69 percent year-to-date.

Access RDI’s Cloudera, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CLDR

Our Actionable Research on Adobe Systems Inc. (NASDAQ:ADBE) and Cloudera, Inc. (NYSE:CLDR) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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