Adobe Systems (ADBE) earnings on 12/11/14

charts BEFORE earnings

 

AFTER earnings

Strike	Price	Change	Bid	Ask

72.50

4.23

+3.37

4.20

4.50

• ADBE gapped above major resistance at the open and I believe this is the start of a significant uptrend, especially if the overall market turns bullish later this month. I'd consider keeping some powder dry for a second entry in the 72-74 area. Otherwise, I look for a target of 85-90 in the near-term.