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Parabolic Short In ADBE

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  • February 18, 2014 at 11:48 am #2496
    Steven Place
    Keymaster

    After closing above its 2nd std dev bollinger band, the stock gapped higher in the AM but failed. It has now tested 68 twice and a third time should trigger a breakdown.

    adbe-10

    If ADBE loses 68, then sell the Mar 70/75 bear call spread for about 1.25.

    Place a stop at 69.29, which is a few dimes above today’s high.

    adbe-call-spread

    February 27, 2014 at 2:00 pm #2497
    Steven Place
    Keymaster

    Since ADBE is breaking out, bailing here for a loss of .30 per spread

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