Buy the Dip in Adobe Stock After the Earnings Report? Check the Chart.

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The Street

By Bret Kenwell Adobe Systems is getting hit after its earnings report. Should you buy the dip? Amid marketwide volatility, Adobe Systems (ADBE) – Get Adobe Inc. Report reported earnings on June 16 after the close. The stock is down about 1.25% at last check June 17, which is not what the bulls had hoped for. But it’s better than the 7.5% decline it was sporting earlier in the session. While it was a solid quarter for the graphics-software specialist — earnings and revenue beat expectations — guidance was the culprit behind the selloff. Revenue guidance for its fiscal third quarter and the ful…

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