Adobe Systems Makes New All Time High And Retreats

Adobe Systems

shares are trading higher by $$4.54 at $94.50 in Friday's session. The issue blasted to new all time high off a Q1 EPS beat of a nickel with a slight beat for sales. The favorable report instigated a higher open at $98, which at this time is the exact high for the day. After making the high, profit-takers have come in and taken the issue as low as $82.11. On the rebound off the lows, it has been struggling to return to the $95 handle.