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 9.65% 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 $70.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 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 65.63 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
World Cup: Most social sporting event ever, experts say
Sun, 15 Jun 2014 16:22:00 GMT
The Week Ahead: FOMC and Technology Sector Earnings
Fri, 13 Jun 2014 22:00:00 GMT
TheStreet – TheStreet's David Peltier and Andrew Krill preview the week ahead with a focus on the FOMC and technology sector quarterly results after this week's surprise INTC guidance bump.
Earnings Preview: Adobe Q2 2014
Fri, 13 Jun 2014 13:28:49 GMT
Seeking Alpha – By Craig Bowles Overview
Stephen Mandel’s Lone Pine Capital sells its shares in Dollar Tree
Thu, 12 Jun 2014 21:00:03 GMT
Adobe to Webcast Q2 FY14 Earnings Conference Call
Thu, 12 Jun 2014 17:36:00 GMT
Business Wire – Adobe today announced it will webcast its second quarter fiscal year 2014 earnings conference call to be held next week.
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