Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $267.50 short put and a strike $262.50 long put offers a potential 12.87% return on risk over the next 2 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $267.50 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $262.50 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 68.51 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Why Is Adobe (ADBE) Up 1.6% Since Last Earnings Report?
Sat, 13 Apr 2019 13:30:01 +0000
Adobe (ADBE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Stock market investors are split into bull and bear camps — taking the middle road is the way to go
Fri, 12 Apr 2019 20:28:00 +0000
On the other hand, a smaller number of investors are convinced the market is heading to new highs and are aggressively buying technology stocks. In late 2007, we at the Arora Report said stocks were in trouble. The answer lies in Arora’s Third Law of Investing: Make investing and trading decisions based on probabilities because it’s the only realistic and profitable approach.
Salesforce and Other Business-Software Companies Are in a Sweet Spot, Analyst Says
Fri, 12 Apr 2019 17:14:00 +0000
Software companies that help businesses sell more are likely to do well even if overall spending on technology deteriorates, according to UBS.
Buybacks and Tech Are Driving the 2019 Bull Market
Thu, 11 Apr 2019 22:50:27 +0000
The S&P 500 stalled near 2019 highs ahead of earnings season as companies that buy back shares and NASDAQ tech stocks continue to soar.
Zacks Earnings Trends Highlights: Nike, FedEx, Adobe and Oracle
Thu, 11 Apr 2019 14:34:02 +0000
Zacks Earnings Trends Highlights: Nike, FedEx, Adobe and Oracle
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