Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $195.00 short put and a strike $190.00 long put offers a potential 17.37% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock dropped below the $190.00 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 66.41 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
Startups Try to Chip Away at Adobe’s Dominance
Thu, 01 Feb 2018 14:00:09 +0000
Kleiner Perkins and other venture capitalists are betting that the Photoshop maker’s chokehold over the design market could someday come to an end.
Managers of this outperforming tech fund say we’re still in ‘early innings’ for cloud and IoT
Thu, 01 Feb 2018 12:26:54 +0000
Brad Slingerlend and Denny Fish, co-managers of the Janus Henderson Global Technology Fund, share some of their favorite stock plays.
I'm very bullish on all the tech earnings this week: NYSE trader
Tue, 30 Jan 2018 19:01:09 +0000
Keith Bliss of Cuttone and Company joins Yahoo Finance's Melody Hahm from the floor of the New York Stock Exchange to discuss the latest in the markets.
Adobe Systems Inc (ADBE) Chairman, President and CEO Shantanu Narayen Sold $32.7 million of Shares
Fri, 26 Jan 2018 23:15:02 +0000
Chairman, President and CEO of Adobe Systems Inc (NASDAQ:ADBE) Shantanu Narayen sold 165,023 shares of ADBE on 01/25/2018 at an average price of $197.89 a share.
How A Lower Effective Tax Rate Will Impact Adobe's Stock Price
Thu, 25 Jan 2018 20:32:00 +0000
Adobe recently announced that the new tax reform will lower company’s effective tax rate for 2018 and beyond. As a result, the stock price for the company rallied by nearly 3.5% on Tuesday.
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