Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $220.00 short put and a strike $215.00 long put offers a potential 13.9% 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 $220.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $215.00 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 56.47 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Adobe
Why Is Adobe (ADBE) Up 3.7% Since Its Last Earnings Report?
Mon, 16 Apr 2018 05:53:05 +0000
Adobe (ADBE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Adobe Names David A. Ricks to Its Board of Directors
Fri, 13 Apr 2018 20:05:00 +0000
Adobe today announced the appointment of David “Dave” A. Ricks to its board of directors, effective April 12, 2018. The addition of Ricks expands Adobe’s board of directors from 10 to 11 members.
What Are AMD’s Key Growth Areas for 2018?
Fri, 13 Apr 2018 13:00:45 +0000
So far, we’ve talked about the possible impact of the cryptocurrency trend on Advanced Micro Devices (AMD). Easing investors’ and analysts’ concerns, AMD gave a statement that its long-term growth is not dependent on cryptocurrency as it’s not even its core market. The chip supplier stated that its long-term growth will come from three key markets: PCs (personal computer), professional graphics, and servers.
Stock Market Futures Tumble; Trump Says 'Get Ready' For Syria Strikes
Wed, 11 Apr 2018 11:11:28 +0000
Futures retreated Wednesday following Tuesday's big stock market gains. President Trump tweeted Russia should "get ready" for U.S. missile strikes vs. Syria.
New Buys By Best Mutual Funds: From Adobe To Zebra, Who Makes The List?
Tue, 10 Apr 2018 14:31:55 +0000
See who joins Adobe, Constellation Brands, Zebra Technologies, Abbott Laboratories and other stocks to watch on this list of new buys by the best mutual funds.
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