Up in the Creative Cloud with Adobe
Yesterday, we looked at a Daily Price Chart of Astrazeneca PLC, noting that the stock’s 50-Day EMA is trading above the 100-Day EMA.
Today’s Chart of the Day is a 10-Month Simple Moving Average chart for Adobe Systems, Inc. (NASDAQ: ADBE).
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. Its flagship product is Creative Cloud — a subscription service that allows customer to download and access the latest versions of its creative products.
Now, below is a 10-Month Simple Moving Average chart for Adobe Systems, Inc.
Back in January 2019, the ADBE 1-Month Price crossed above the 10-Month Simple Moving Average (SMA) indicating ADBE is on a PowerTrend ‘buy’ signal (circled).
Guess what happened next…
Sure enough, prices continued to rise.
Since the PowerTrend ‘buy’ signal occurred for the stock back in January 2019, when the stock was around $244.95, the stock has seen an 81.7% increase.
Now, as you can see, the 1-Month Moving Average is still above the 10-Month SMA. That means the bullish trend is still in play!
This bullish price trend makes ADBE a good candidate for a call option purchase.
As long as the 1-Month Price remains above the 10-Month SMA, the stock is more likely to keep trading at new highs in the coming days and weeks.
We’ll be keeping our eye on this stock as it continues to trend upward so we’ll know the moment the market conditions shift and the stock begins to come back down offering a better buying opportunity in a bullish market.
Additionally, we’d like to talk about how a previous Chart of the Day stock has done…
The Power of Options
On June 29, we highlighted Yeti Holdings Inc. (NYSE: YETI), noting that YETI’s OBV line was sloping up.
If you happened to have purchased YETI shares on that day, you’d already be up 12.9%.
But… if you had purchased the right option contract, you would be up 44.4% in just under a months’ time!
That’s the power of options.
Best Regards,
Chuck Hughes
Editor, Chart Of The Day
The post Up in the Creative Cloud with Adobe appeared first on Laissez Faire.
Source: http://freedombunker.com/2020/07/23/up-in-the-creative-cloud-with-adobe/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,706,416,772 |
| Stories: | 8,445,495 |
Whistler Blowers, Insiders
