NEW YORK (TheStreet) -- Investors looking to profit from the fast-growing field of cloud computing may want to consider the shares of Adobe Systems (ADBE) and Oracle (ORCL), both of which are scheduled to report earnings this week.
Potential investors can use technical analysis to help determine how to adjust stock positions before and following share-price volatility associated with earnings reports. The charts and techncial profiles below should help with trading decisions on Adobe and Oracle, two big players in cloud computing, which is the use of remote servers and data centers to manage, process and store data.
Adobe is scheduled to report its quarterly earnings after the closing bell on Tuesday. Analysts on average expect the company to post earnings of 31 cents a share. On Tuesday, the company announced new features for its Creative Cloud platform.
Oracle is scheduled to report after the closing bell on Wednesday. The analysts' average earnings estimate is 83 cents a share.
Here's the daily chart for Adobe.
Adobe closed at $78.90 on Monday, up 8.5% year to date after setting an all-time intraday high of $80.74 on May 21. The stock is up 14% since trading as low as $68.98 on Jan. 14. Note how the stock has tracked the 200-day simple moving average higher since May 8, 2014. The 200-day was last tested on Feb. 2. The up-and-down volatility and price gaps are shown for the last two years, and the stock is now above its 50-day and 200-day simple moving averages of $77.40 and $73.37, respectively.