Adobe (ADBE) Offering Possible 28.21% Return Over the Next 6 Calendar Days

Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $480.00 short call and a strike $485.00 long call offers a potential 28.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $480.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $485.00 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 58.88 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 Tops Wall Street's Fourth-Quarter Targets, Guides Higher
Thu, 10 Dec 2020 21:08:25 +0000
Digital media and marketing software maker Adobe on Thursday beat Wall Street's estimates for its fiscal fourth quarter and guided higher. But the earnings news pushed Adobe stock lower.

This Is Adobe's Must-Hold Support Level if You Buy the Earnings Dip
Thu, 10 Dec 2020 19:45:00 +0000
Adobe is down slightly on Thursday after reporting earnings. Here's the level the stock must hold above or risk going lower.

Chevron Lifts Dow Jones As Nasdaq Rebounds On Baidu, Starbucks; Software Giant Twilio Breaks Out
Thu, 10 Dec 2020 18:44:52 +0000
The Dow Jones was slightly lower in afternoon trading, but Chevron was a nice gainer in the blue-chip index, up 2.5%.

I Like Adobe but It's Not Safe to Grab Some Here, Not Yet Anyway
Thu, 10 Dec 2020 15:04:00 +0000
Adobe Inc , an old Sarge fave, went to the tape with the firm's fiscal fourth quarter results on Thursday morning. Adobe posted an adjusted EPS of $2.81, which was not only a beat of industry consensus, but earnings growth of 23%.

Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition
Thu, 10 Dec 2020 15:00:48 +0000
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Microsoft, Netflix and Nvidia.

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