Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 14.42% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 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 $62.50 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 42.84 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
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Fri, 15 Aug 2014 20:17:00 GMT
Barrons.com – Sterne, Agee & Leach The “dog days” of summer should provide opportunities for us to reposition the software portfolio while low trading volumes may not reflect true value in our coverage universe. …
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Fri, 15 Aug 2014 16:08:00 GMT
Investor's Business Daily – Computer-aided design software firm Autodesk (ADSK) is getting a boost from shifting its business from licensed software to Internet cloud-based subscriptions. The San Rafael, Calif.-based company late …
FTC Urged To Crack Down On Tech Firms' Privacy Violations
Fri, 15 Aug 2014 15:53:00 GMT
Autodesk Beats on Q2 Earnings and Revenues, Raises Guidance
Fri, 15 Aug 2014 14:35:02 GMT
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