Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $242.50 short call and a strike $247.50 long call offers a potential 61.29% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $242.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock rose above the $247.50 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 50.81 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
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Fri, 02 Nov 2018 23:15:11 +0000
TechTarget (TTGT) third-quarter results are likely to be driven by growing adoption of its solutions globally.
Why tech employees overwhelmingly donate to Democrats
Fri, 02 Nov 2018 21:47:10 +0000
Tech employees are overwhelmingly liberal — and it might just have to do with personality, according to Neil Malhotra, a political science professor at Stanford University.
[$$] Deal Close Announcements: Oct. 29-Nov. 2
Fri, 02 Nov 2018 20:58:35 +0000
Adobe Systems Inc. has wrapped up its acquisition of marketing-automation firm Marketo from Vista Equity Partners. When the deal was announced in September, it was valued at $4.75 billion. San Mateo, Calif.-based …
Etsy (ETSY) to Report Q3 Earnings: What's in the Store?
Fri, 02 Nov 2018 15:19:03 +0000
Etsy's (ETSY) third-quarter results are likely to be driven by its strengthening marketing services and seller base.
U.S. Online Spending to Rise: 4 Retail Picks
Fri, 02 Nov 2018 14:23:02 +0000
This holiday season could witness a spike in online spending, which could make retail stocks apt for investment.
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