Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $250.00 short call and a strike $255.00 long call offers a potential 51.52% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $250.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock rose above the $255.00 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 68.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Sting uses fake Amazon boxes, GPS to catch would-be thieves
Tue, 11 Dec 2018 22:43:34 +0000
The explosion in online shopping has led to porch pirates and stoop surfers swiping holiday packages from unsuspecting residents. The cops in one New Jersey city are trying to catch the thieves with some trickery of their own.
Top Stock Picks for the Week of December 10th
Tue, 11 Dec 2018 20:53:08 +0000
A Software and Specialty Retailer in Focus.
What to Watch When Adobe Reports Earnings
Tue, 11 Dec 2018 17:00:00 +0000
The software-as-a-service provider has been on a roll. Will its history of solid growth continue?
Adobe Risks a 'Death Cross' on Missed Earnings
Tue, 11 Dec 2018 14:38:10 +0000
See what the IHS Markit Score report has to say about Adobe Inc.
Tue, 11 Dec 2018 13:07:52 +0000
Index (PMI) data, output in the Technology sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
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