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 12.61% return on risk over the next 19 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 $0.56 would be kept by the premium seller. The risk of $4.44 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 64.42 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Here's How Much You Spent On What May Be The Last Big Cyber Monday
Tue, 02 Dec 2014 06:16:00 GMT
Forbes – Holiday shoppers made Cyber Monday the biggest online shopping day of the year for the fourth straight year, but Adobe figures this will be the last year of its reign.
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
Shopping Relics: Why Black Friday and Cyber Monday Don't Really Matter
Mon, 01 Dec 2014 20:30:53 GMT
Flash News: Noting Relative Strength in Adobe
Mon, 01 Dec 2014 19:54:18 GMT
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