Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 11.28% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $6.74 would be incurred if the stock dropped below the $97.50 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 73.36 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
Dow 30 Stock Roundup: Nike Earnings Impress, Boeing Wins $8B Saudi Order
Thu, 29 Sep 2016 14:23:02 GMT
SAP to Invest $2.2B in Connected Devices, Buys Plat.One
Thu, 29 Sep 2016 13:21:01 GMT
These 5 Stocks are Giving a Strong Buy Signal
Thu, 29 Sep 2016 13:15:59 GMT
This Once Unstoppable Industry Is Starting To Shrink
Wed, 28 Sep 2016 17:30:00 GMT
Conquer the Cloud With these Four Tech Stocks
Wed, 28 Sep 2016 16:53:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook