Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 14.42% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock dropped below the $55.00 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 58.12 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
eBay Data Breach — The ‘Inexcusable' Impact on 233 Million Customers
Thu, 22 May 2014 15:02:52 GMT
Hackers raid eBay in historic breach, access 145 million records
Thu, 22 May 2014 12:33:46 GMT
Microsoft's Surface Pro 3 Is Flawed, but Part of the Correct Strategy
Wed, 21 May 2014 17:18:00 GMT
Adobe management to meet with UBS
Wed, 21 May 2014 11:51:54 GMT
theflyonthewall.com – Adobe management to meet with UBS
Microsoft Hopes Third Try At Tablets The Charm
Tue, 20 May 2014 21:52:00 GMT
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