Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 13.38% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish.
The RSI indicator is at 61.98 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Lightning Round: Just pull the trigger on this!
Wed, 03 Dec 2014 00:14:08 GMT
Cyber Monday Online Sales Up 17%, Totaling $2.7 Billion
Tue, 02 Dec 2014 19:30:00 GMT
TheStreet – Cyber Monday online sales grew to $2.68 billion and online sales for the five-day Thanksgiving weekend totaled $9.6 billion, according to data from Adobe.
Here's How Much You Spent On What May Be The Last Big Cyber Monday
Tue, 02 Dec 2014 06:16:00 GMT
Adobe Data Shows Cyber Monday Sales Up 16 Percent; Large Retailers See Biggest Gains
Tue, 02 Dec 2014 02:14:00 GMT
Business Wire – Adobe today released its 2014 Digital Index Online Shopping data for Cyber Monday. Total online sales came in at $2.65 billion, up 16 percent compared to 2013. The top 25 retailers, who each generated $30 million or more on Cyber Monday, saw online sales increase by 25 percent capturing nearly $1.8 billion.
Lightning Round: I don't have a catalyst for this
Mon, 01 Dec 2014 23:58:57 GMT
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