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 11.61% return on risk over the next 23 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 $0.52 would be kept by the premium seller. The risk of $4.48 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 28.22 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Adobe to Close China R&D Unit as Business Climate Worsens
Thu, 25 Sep 2014 20:48:25 GMT
ADOBE SYSTEMS INC Files SEC form 10-Q, Quarterly Report
Thu, 25 Sep 2014 20:21:14 GMT
Adobe, Visa Snub China As R&D Dud
Thu, 25 Sep 2014 10:19:00 GMT
Adobe Systems
Wed, 24 Sep 2014 22:36:00 GMT
Why Adobe Marketing Cloud ranks the highest amongst its peers
Wed, 24 Sep 2014 21:00:08 GMT
Market Realist – Through the acquisition of Omniture, an analytics platform, in 2009, Adobe (ADBE) forayed into the digital marketing space. Omniture is now called Adobe Analytics.
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