Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 24.69% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $82.50 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock rose above the $87.50 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 41.16 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Adobe (ADBE) Upgraded to Outperform by Robert W. Baird
Wed, 26 Aug 2015 17:50:05 GMT
Okta inches toward expected IPO, adds new board member
Wed, 26 Aug 2015 14:30:12 GMT
Media Alert: Adobe Expands MAX to 6,000 Attendees This Year
Wed, 26 Aug 2015 13:27:00 GMT
Business Wire – Adobe Systems Incorporated :
Love them or loathe them, emails are here to stay – survey
Wed, 26 Aug 2015 13:16:59 GMT
Reuters – Despite the popularity of instant messaging, texting and social media, the poll showed that email is the top communications tool at work and will grow in importance over the next five years. In the online survey, comprising 400 U.S. white-collar, adult workers, nearly half of the respondents said they think their use of emails for work will increase in coming years. “Email is and will remain a cornerstone of the workplace culture,” said Kristin Naragon, of computer software company Adobe Systems Inc, which commissioned the poll.
Adobe Cloud Services Called ‘Transformational'
Tue, 25 Aug 2015 18:36:00 GMT
Investor's Business Daily – After getting a haircut during the recent broad-based stock market correction, Adobe Systems (ADBE) is now attractively priced, Baird analyst Steven Ashley said in a research report Tuesday. Ashley raised …
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