Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 10.62% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $75.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Adobe is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Adobe is bearish.
The RSI indicator is at 29.73 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
High-Five! Jellyvision's ALEX(R) Helps Adobe Reduce Tax Liability by $4.7 Million
Wed, 06 Aug 2014 14:15:00 GMT
Marketwired – Today, Jellyvision announced that software giant Adobe was able to cut its tax liability by almost $5 million — with a huge helping hand from ALEX®, Jellyvision's virtual benefits counselor. As described …
The R&D Hall of Fame: Which companies got elected?
Wed, 06 Aug 2014 10:00:00 GMT
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Tue, 05 Aug 2014 20:15:33 GMT
LinkedIn pays nearly $6m to settle labour violations
Mon, 04 Aug 2014 21:03:35 GMT
Financial Times – , LinkedIn has agreed to pay almost $6m in wages and damages after an investigation found the social network for professionals had failed to account for all the hours worked by its employees. The Silicon …
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