Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 17.65% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $80.00 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 43.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Consumer inflation data out; Fed decision day; Nelson Peltz takes aim at DuPont
Wed, 17 Sep 2014 11:46:54 GMT
Premarkets: 6 things to know before the open
Wed, 17 Sep 2014 09:33:00 GMT
‘Fast Money' Recap: Stock Market Reacts Ahead of the Fed Meeting
Wed, 17 Sep 2014 09:00:00 GMT
Investors await the Fed meeting statement
Wed, 17 Sep 2014 06:44:02 GMT
MarketWatch – Wall Street awaits the wrapup of the Fed policy meeting; Charlie Turner reports
Adobe revenue forecast misses, shares slip
Wed, 17 Sep 2014 02:52:04 GMT
Reuters – Adobe shares fell nearly 5 percent in extended trading. Analysts on average were expecting an adjusted profit of 31 share on revenue of $1.09 billion, according to Thomson Reuters I/B/E/S. “I think the market has come to expect perfection from this company and today was not perfect,” Edward Jones technology analyst Josh Olson told Reuters. Revenue from Adobe's digital media business, which includes the Creative Cloud and document services, fell about 2.4 percent to $621.4 million in the third quarter ended Aug. 29.
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