Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $250.00 short put and a strike $240.00 long put offers a potential 20.34% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $8.31 would be incurred if the stock dropped below the $240.00 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 73.62 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, 23 Jul 2018 19:23:07 +0000
3 Stocks that Love Earnings Season
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Mon, 23 Jul 2018 19:11:47 +0000
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Mon, 23 Jul 2018 12:30:00 +0000
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Today's Research Reports on Trending Tickers: salesforce.com and Adobe Systems
Mon, 23 Jul 2018 12:20:00 +0000
NEW YORK, NY / ACCESSWIRE / July 23, 2018 / U.S. markets closed the day and week flat as losses from the energy and consumer discretionary sectors and rising concerns over trade tension between the U.S …
See what the IHS Markit Score report has to say about Adobe Systems Inc.
Sat, 21 Jul 2018 12:06:28 +0000
Adobe Systems Inc NASDAQ/NGS:ADBE
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