Adobe’s most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $52.50 short put and a strike $45.00 long put offers a potential 7.76% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $6.96 would be incurred if the stock dropped below the $45.00 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 at 66.37 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
The strangest bull market ever
Thu, 14 Nov 2013 18:54:00 GMT
CNNMoney.com – The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any …
Looming EU rule change could spur insurance take-up
Thu, 14 Nov 2013 01:18:13 GMT
Financial Times – For almost a decade, many US companies have used cyber-liability insurance to help manage the risk of attacks from hackers. The insurance can cover the cost of dealing with a security breach, as well claims …
Adobe Systems (ADBE) On Momo Momentum Watch Today
Wed, 13 Nov 2013 16:13:00 GMT
TheStreet – Trade-Ideas LLC identified Adobe Systems (ADBE) as a momo momentum candidate
Microsoft Kills Its Hated Stack Rankings. Does Anyone Do Employee Reviews Right?
Wed, 13 Nov 2013 15:46:06 GMT
BusinessWeek – Employees generally aren’t thrilled about having to play Game of Thrones at the office
Retail, Tech Earnings & Potbelly’s Gut-Busting Numbers
Wed, 13 Nov 2013 12:23:00 GMT
TheStreet – Investors are awaiting numbers this morning from Macy’s, and later today from Cisco. Jim Cramer likes Adobe, and everyone seems to like Potbelly’s.
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