Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $335.00 short put and a strike $325.00 long put offers a potential 24.53% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $335.00 by expiration. The full premium credit of $1.97 would be kept by the premium seller. The risk of $8.03 would be incurred if the stock dropped below the $325.00 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 75.65 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
3 Reasons Growth Investors Will Love Adobe (ADBE)
Tue, 14 Jan 2020 17:45:05 +0000
Adobe (ADBE) possesses solid growth attributes, which could help it handily outperform the market.
Adobe Systems (ADBE) Is Up 2.41% in One Week: What You Should Know
Tue, 14 Jan 2020 17:00:05 +0000
Does Adobe Systems (ADBE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Adobe (ADBE) Moves to Buy: Rationale Behind the Upgrade
Tue, 14 Jan 2020 17:00:05 +0000
Adobe (ADBE) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
3 Software Stocks That Could Be Big Winners in 2020
Tue, 14 Jan 2020 12:30:00 +0000
Morgan Stanley believes investors need to be more selective in picking software stocks this year after the industry’s big rally in 2019.
The Zacks Analyst Blog Highlights: Chevron, Accenture, Adobe Systems, Gilead Sciences and Honda Motor
Mon, 13 Jan 2020 14:35:02 +0000
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