Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $142.00 short put and a strike $137.00 long put offers a potential 35.5% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $1.31 would be kept by the premium seller. The risk of $3.69 would be incurred if the stock dropped below the $137.00 long put 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 up which suggests that the medium-term momentum for Adobe is bullish.
The RSI indicator is at 52.69 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
Is Adobe (ADBE) a Great Growth Stock?
Wed, 28 Jun 2017 12:55:12 +0000
If you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Adobe (ADBE).
Is Adobe Likely to Gain from its Buyout of Mettle's SkyBox?
Mon, 26 Jun 2017 13:10:01 +0000
Adobe Systems Incorporated (ADBE) announced acquisition of Mettle's SkyBox suite
Adobe Blew Wall Street Away and Is Being Rewarded Accordingly — Jim Cramer's Thoughts
Sat, 24 Jun 2017 19:00:00 +0000
Adobe reported second-quarter earnings and revenue that beat analysts' expectations.
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