Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $207.50 short put and a strike $202.50 long put offers a potential 40.85% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $207.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $202.50 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 75.74 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
Infosys Selected by Allison Transmission to Offer IT Services
Tue, 06 Mar 2018 21:48:09 +0000
Infosys (INFY) announces that Allison Transmission (ALSN) has selected the company to provide information technology (IT) infrastructure management services.
Fuse Customer Experience and Employee Experience to Drive Your Growth
Tue, 06 Mar 2018 10:04:00 +0000
Donna Morris, EVP of Customer and Employee Experience at Adobe Systems, spearheads efforts to attract, engage, and develop employees and customers.
Apple Extends Gains As Dow Stocks Rally; Bitcoin Play Setting Up?
Mon, 05 Mar 2018 19:15:16 +0000
Key market index ETFs were solidly higher after reversing from early losses. With the exception of Nike, all Dow stocks advanced.
Motorola (MSI) Stock Up 32% in a Year: More Room to Run?
Fri, 02 Mar 2018 16:40:04 +0000
Motorola Solutions (MSI) is gaining from its strong product portfolio. Also, its efforts to reward shareholders are impressive.
The Wall Street Reaction To Salesforce's Q4 Beat
Thu, 01 Mar 2018 21:24:52 +0000
Shares of salesforce.com, inc. (NYSE: CRM ) hit a new all-time high of $122.47 Thursday after the company reported fourth-quarter earnings the night before. Now that the stock is up more than 40 percent …
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