Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $495.00 short call and a strike $505.00 long call offers a potential 11.48% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $495.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $8.97 would be incurred if the stock rose above the $505.00 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 44.71 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
Adobe (ADBE) Up 1.7% Since Last Earnings Report: Can It Continue?
Sat, 09 Jan 2021 16:30:04 +0000
Adobe (ADBE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
3 Timeless Stock Investing Lessons to Beat the Market in 2021
Sat, 09 Jan 2021 14:17:00 +0000
Timeless lesson: Regular people can beat the market by investing in businesses they understand better than Wall Street. Written in 1989, the examples in One Up on Wall Street are outdated, but their sentiment is still applicable today. Lynch simplifies the stock market and reminds investors that stocks are companies with real businesses.
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Thu, 07 Jan 2021 13:27:01 +0000
The Zacks Analyst Blog Highlights: Adobe, Uber, Deere & Co, Applied Materials, TJX Companies and Dominion Energy
Top Research Reports for Adobe, Uber & Deere
Wed, 06 Jan 2021 20:43:08 +0000
Top Research Reports for Adobe, Uber & Deere
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Tue, 05 Jan 2021 14:29:02 +0000
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