Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $255.00 short call and a strike $265.00 long call offers a potential 43.88% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $255.00 by expiration. The full premium credit of $3.05 would be kept by the premium seller. The risk of $6.95 would be incurred if the stock rose above the $265.00 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 34.41 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Is Adobe Systems (ADBE) Outperforming Other Computer and Technology Stocks This Year?
Fri, 19 Oct 2018 13:30:01 +0000
Is (ADBE) Outperforming Other Computer and Technology Stocks This Year?
2 Cloud Stocks Poised to Lead as Techs Fizzle
Fri, 19 Oct 2018 10:00:00 +0000
Both Adobe Systems Inc. ( ADBE) and Workday Inc. ( WDAY) are handily outperforming not just the S&P 500, but also the Nasdaq Composite and the Technology Select Sector SPDR Fund ( XLK), both of which are reflective of the overall tech sector.
Cramer's 5 favorite tech stocks right now, including Appl…
Thu, 18 Oct 2018 22:58:00 +0000
Jim Cramer reveals his top "power" players in the information technology space, including consumer tech plays, software giants and a fintech kicker.
Cramer's 5 favorite tech stocks right now
Thu, 18 Oct 2018 22:52:00 +0000
Jim Cramer reveals his top "power" players in the information technology space, including consumer tech plays, software giants and a fintech kicker.
Cramer's 5 favorite tech stocks right now, including Apple, Salesforce and Adobe
Thu, 18 Oct 2018 22:31:00 +0000
CNBC's Jim Cramer reveals his top “power” players in the information technology space. CNBC's Jim Cramer wanted to reaffirm his faith in the technology sector as the tech-heavy Nasdaq index took Thursday's sell-off pain head-on, dropping 2.1 percent amid marketwide weakness. “On the one hand, tech's still the second-best-performing sector in the market right now, right behind health care ,” Cramer said.
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