I know that my colleague previously sent out a BGU alert on Adobe Systems (ADBE), but I would also be careful here for a possible exhaustion gap to play out here. This would be similar to what I am seeing in other names like Tesla (TSLA) as well Ford (F) and General Motors (GM) which are all moving on news that TSLA is going to let F and GM charge their cars at their charging stations. Big deal. Meanwhile, Roku (ROKU) is in a similar situation, also playing out as a possible double-top short target as it reverses off the morning high. Their soon to be ex-CFO presented yesterday at Rosenblatt's Age of AI Conference, but Rosenblatt still reiterates a neutral rating and $61 price target on the stock.
Short-Sale Set Up - Various Exhaustion Gaps 6/9/23
|Published:||9 Jun 2023 11:30 ET|
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