Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 21.95% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $70.00 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 34.58 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Adobe
Audit: $600M business-incentive program flawed
Wed, 15 Oct 2014 13:48:29 GMT
AP – Utah economic development officials aren't doing enough to make sure companies who get tax credits are keeping their promises to create new, high-paying jobs, a state audit released Tuesday found. The …
Audit: $600M business-incentive program flawed
Wed, 15 Oct 2014 13:48:29 GMT
AP – Utah economic development officials aren't doing enough to make sure companies who get tax credits are keeping their promises to create new, high-paying jobs, a state audit released Tuesday found. The …
Tech workers ask appeals court to reject Apple, Google bid
Wed, 15 Oct 2014 06:47:48 GMT
Irish tax changes may cost U.S. groups billions
Tue, 14 Oct 2014 15:15:26 GMT
Adobe Positioned as a Leader in Gartner Magic Quadrant for Web Content Management
Tue, 14 Oct 2014 13:01:00 GMT
Business Wire – Adobe today announced it has been positioned by Gartner, Inc. as a Leader in the 2014 “Magic Quadrant for Web Content Management1” research report. Adobe was positioned highest in ability to execute in the report, and placed strongly in completeness of vision.
Related Posts
Also on Market Tamer…
Follow Us on Facebook