Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 8.7% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $75.00 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 26.26 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
Your first trade for Tuesday
Mon, 22 Sep 2014 22:01:43 GMT
Fast Money Final Trade: TTM, TA, M & ADBE
Mon, 22 Sep 2014 21:58:00 GMT
Fast Money Final Trade: TTM, TA, M & ADBE
Mon, 22 Sep 2014 21:58:00 GMT
[$$] Adobe Acquires Aviary
Mon, 22 Sep 2014 20:45:03 GMT
The Wall Street Journal – Adobe Systems said it acquired privately held Aviary, a deal that give it a developer of software development kits, or mobile SDKs, used to create mobile apps.
Why Adobe (ADBE) Stock Is Down In After-Hours Trading Today
Mon, 22 Sep 2014 20:36:00 GMT
TheStreet – Adobe (ADBE) is falling after-hours Monday after announcing its acquisition of Aviary.
Related Posts
Also on Market Tamer…
Follow Us on Facebook