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 11.11% return on risk over the next 25 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 $1.00 would be kept by the premium seller. The risk of $9.00 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 78.49 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
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Mon, 27 Mar 2017 04:06:01 GMT
How Adobe Can Plug the Hole in Its Cloud
Sun, 26 Mar 2017 20:40:00 GMT
TheStreet – Adobe has built a market-leading cloud portfolio, but e-commerce outfits Shopify or Magento could fill one of the few product gaps.
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Sun, 26 Mar 2017 13:27:00 GMT
[$$] Why PTC's Revenue Still Raises Eyebrows
Sun, 26 Mar 2017 13:22:21 GMT
The Wall Street Journal – Software maker PTC has said its shift to a subscription model is attracting new customers, but its numbers look different from others that have undergone similar transitions.
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