Technology stocks for 2018 #2 (ADBE)Sector: Technology
Industry: Application Software
Adobe Systems Incorporated 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.
www.morningstar.com
For Options Traders this kind of trend offer they several opportunities they only need to wait for a price retracement and trade with (Your own strategies)
because, I pick the idea but I not a trader.
The other aspect for Options Traders is, that this is a highly traded stock, the Avg-Volume is 2,860,070
All the ideas in this series of publications called "Technology stocks for 2018" Are Trend Following.
No price patterns in this series. Do it easy, No technical analysis
Trend Following
ADBED trade ideas
ADOBE SYSTEMS INC. ADOBE.
Prices are currently searching for resistance. I think prices may continue to surge to highs of 214. If prices break above 208.00 with significant volume we could have some buy opportunity, a real chance to go long. I think that you should be very conservative with your contract size on this trade, regardless if our Target Profit was met I'm anticipating a sharp reversal so you may want to get out and wait for a short position.
However
We could see prices continue and then reverse at the 218 Region.
For now I wouldn't go long pass these two regions.
Vol: 539.745K
EPS: 3.43
Market Cap: 99.781B
P/E: 60.01