Adobe Systems (NASDAQ: ADBE) stock is trading lower that AM on reports that competitor Microsoft (NASDAQ: MSFT) is beginning tests of new trade programs to be offered as online services. MSFT is attempting to increase its presence in a sector of the software industry where it is uncharacteristically behind the curve, which could be a naughty sign for ADBE. Yesterday, cellphone manufacturer Nokia (NYSE: NOK) announced it would start to support Microsoft’s Silverlight, a direct competitor of Adobe’s Flash. whether you think that stock won’t be rising too far in the coming months, next it could be a good day to look at a

After hitting a one-year high of $48.47 in October, the stock hit a one-year low of $32.08 final month. that daylight, ADBE opened at $33.00. So far nowadays the stock has hit a low of $32.01 and a high of $33.08. As of 12:45, ADBE is trading at $32.34, down $0.73 (-2.2%). The chart for ADBE looks bearish and regular, while S&P gives the stock a positive 4 STARS (out of 5) buy rating.

Continue reading Adobe (ADBE) slides as Microsoft makes advances

Original post by Brent Archer

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