Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $177.50 short put and a strike $172.50 long put offers a potential 5.26% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $177.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $172.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Adobe is bearish and the probability of a decline 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 71.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Why You Should Buy Adobe Systems Incorporated Stock
Fri, 10 Nov 2017 16:29:22 +0000
Last month, I made a bullish call on Adobe Systems Incorporated (NASDAQ:ADBE), citing strength in its Software as a Service (SaaS) and cloud-computing businesses. The ADBE stock price gapped up over 12%, buoyed by management’s optimistic outlook for 2018. Since the gap-up, Adobe has surged more than 7%.
Microsemi (MSCC) Beats Q4 Earnings and Revenue Estimates
Fri, 10 Nov 2017 15:15:03 +0000
Microsemi's (MSCC) strong fiscal fourth-quarter 2017 results were driven by strength in data center, aerospace & defense and industrial end markets.
Adobe Gets Fresh Buy Rating; UBS Names Top Picks In Software
Thu, 09 Nov 2017 22:35:07 +0000
Software firm Adobe received a new buy rating as brokerage firm UBS initiated coverage of the top-ranked stock.
Adobe Likely Has More Earnings Upside In Its Future
Thu, 09 Nov 2017 20:11:24 +0000
Adobe Systems Incorporated (NASDAQ: ADBE ) has been a strong performer, consistently delivering upside, relative to expectations. Offering a more positive touch to the company's performance, an analyst …
Investor Advisory: Adobe Announces Webcasts of Investor Conference Participation
Thu, 09 Nov 2017 18:00:00 +0000
Adobe today announced its upcoming participation in the following November investor events:
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