Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $465.00 short call and a strike $470.00 long call offers a potential 78.57% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $465.00 by expiration. The full premium credit of $2.20 would be kept by the premium seller. The risk of $2.80 would be incurred if the stock rose above the $470.00 long call 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 down which suggests that the medium-term momentum for Adobe is bearish.
The RSI indicator is at 46.26 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 Adobe Stock Could Still Make Investors Rich
Wed, 27 Jan 2021 14:45:00 +0000
Adobe (NASDAQ: ADBE) is one of the most profitable and prolific software-as-a-service (SaaS) companies in the world. In fact, if you've browsed the internet lately, chances are you've seen content created with Adobe's tools. Adobe's digital-media business has never been more relevant.
Here's Why I Think Adobe (NASDAQ:ADBE) Might Deserve Your Attention Today
Wed, 27 Jan 2021 04:17:28 +0000
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy' stocks…
10 Best Software Stocks To Buy Now
Sat, 23 Jan 2021 21:04:29 +0000
In this article we share our list of the 10 best software stocks to buy now. The world is seeing a software revolution as every business scrambles to adapt automation, Cloud computing, e-commerce and digital presence. You can skip our detailed discussion of why you should invest in software stocks for big gains and go […]
Adobe Systems (ADBE) Gains As Market Dips: What You Should Know
Fri, 22 Jan 2021 22:45:10 +0000
In the latest trading session, Adobe Systems (ADBE) closed at $472.44, marking a +0.09% move from the previous day.
Why Microsoft and 5 Other Software Stocks Could Still Be Buys
Fri, 22 Jan 2021 16:37:00 +0000
Kash Rangan, who spent 15 years covering technology stocks at BofA Securities, also gives Sell ratings to Autodesk and Oracle.
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