Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $125.00 short put and a strike $115.00 long put offers a potential 13.9% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $8.78 would be incurred if the stock dropped below the $115.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Adobe is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Adobe is bullish.
The RSI indicator is at 77.25 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
[$$] High-Court Case to Challenge Jurisdiction ‘Shopping’ in Patent Suits
Fri, 24 Mar 2017 04:22:13 GMT
The Wall Street Journal – Tech firms are watching closely a case to be argued at the Supreme Court next week challenging a system that has led to a concentration of patent cases in plaintiff-friendly jurisdictions such as eastern …
How Adobe Can Plug the Holes in Its Cloud
Thu, 23 Mar 2017 21:40:00 GMT
TheStreet – Adobe has built a market-leading cloud portfolio, but e-commerce outfits Shopify or Magento, or a customer service outfit like Zendesk, could fill the few product gaps
Watch now: BizWireTV Brings You the Richest People in the World – Find Out Who Made the Cut, and Shopping Tech as Easy as Asking for What You Want
Thu, 23 Mar 2017 12:08:00 GMT
Watch now: BizWireTV Brings You the Richest People in the World – Find Out Who Made the Cut, and Shopping Tech as Easy as Asking for What You Want
Thu, 23 Mar 2017 12:08:00 GMT
Business Wire – On BizWireTV, catch the latest Quick Biz Hits and see what’s happening in the startup world with the Accelerator Report, featuring the VC Watch and this week’s Startup Standout.
Starbucks: Cramer's Top Takeaways
Thu, 23 Mar 2017 10:22:00 GMT
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