Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 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 $57.50 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 $52.50 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 at 58.89 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
With $1.5B Responsys Buy, Oracle Aims Right At Adobe, Salesforce In War For Cloud
Mon, 23 Dec 2013 20:19:00 GMT
Forbes – On Thursday, Oracle announced positive quarterly earnings results that beat Wall Street estimates. The next day, it declared war. Oracle's announcement Friday that it's acquiring cross-channel marketer Responsys for a cool $1.5 billion is exactly that, a move that both responds to Salesforce.com's centerpiece 2013 purchase while signalling to investors that the company's […]
Oracle Set to Buy Responsys
Mon, 23 Dec 2013 18:00:04 GMT
Zacks – Oracle's recently announced acquisition of Responsys Inc. is expected to bolster its position in the cloud-based enterprise marketing software sector.
Is There A Reason To Worry About Micron?
Mon, 23 Dec 2013 16:57:16 GMT
Seeking Alpha – In my previous article, I cited a couple of reasons why it will be wise to go long on Micron Technology Inc ( MU ). The company's key measures as revenues, stock price, and earnings per share have exhibited …
US close: Markets mixed as economic data disappoints
Fri, 20 Dec 2013 07:33:00 GMT
Slice Comes to iPad in Time for Free Shipping Day
Wed, 18 Dec 2013 20:48:31 GMT
Fox Business – Just in time for Free Shipping Day and the end of holiday-shopping madness, mobile-shopping tracker Slice launched on iPad this week.
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