ADBE looks interesting here

Adobe is down 26% from highs and has just returned to a long-term support zone (ADBE traded in this range for almost a year). Lower indicators suggest this is a good range to consider a long. My only hesitation is an all-but-certain looming Death Cross (where the 50 EMA crosses below the 200 EMA). ADBE hasn't seen a Death Cross on the Daily Chart since July 2011 where it subsequently spent about half a year in a bear market. The Death Cross *can* be avoided, but it would take a substantial bounce. I expect the Death Cross will happen, but I can see at least a moderate bounce as bulls try to make their case. I'm considering a small position here.

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These are my personal views and not financial advice. Please do your own research before investing.

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