Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 9.89% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Adobe
Adobe Foundation Announces Winners of the Third Annual Adobe Youth Voices Awards
Mon, 23 Jun 2014 20:01:00 GMT
Business Wire – The Adobe Foundation today announced the winners of the third annual Adobe Youth Voices Awards, a global, online competition inviting students ages 13-19 to use digital media to express their vision for driving positive change in their communities.
Oracle spends $5B on cash registers
Mon, 23 Jun 2014 13:56:00 GMT
CNNMoney.com – No Article Body
Must-know: Why has Adobe partnered with market leader SAP?
Fri, 20 Jun 2014 17:00:15 GMT
Market Realist – A few months back, Adobe (ADBE) and SAP (SAP) agreed to partner up. SAP will resell Adobe's Marketing Solution with its HANA platform and the hybris e-commerce suite.
Oracle must make radical shift: Ulanoff
Fri, 20 Jun 2014 15:05:00 GMT
CNBC – Robert Breza, Sterne Agee research analyst, reacts to Oracle's Q4 earnings miss. Lance Ulanoff, Mashable editor-at-large, discusses his cloud concerns for the tech company.
Ellison's Net Worth To Drop $3 Billion On Oracle Earnings Miss
Fri, 20 Jun 2014 13:01:00 GMT
Forbes – I have no financial interest in Oracle, however it looks to me like its shares are poised to fall — costing its CEO $3 billion in net worth. Its June 19 earnings report revealed a revenue and profit shortfall suggesting that the database and business-software maker has a long way to […]
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