Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $267.50 short put and a strike $262.50 long put offers a potential 44.93% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $267.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $262.50 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 46.23 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Online spending will exceed $1 billion each day in November and December: Adobe Analytics
Tue, 29 Oct 2019 18:55:00 +0000
Adobe Analytics forecasts that online spending will exceed $1 billion every day during the months of November and December. All together, Adobe Analytics says online holiday spending will surpass $143.7 billion, up 14.1% from last year, with sales on smartphones representing 36% of all digital sales. The group also says Cyber Monday will set a new record with $9.4 billion in sales, making it the largest and fastest growing online shopping day of the year. Thanksgiving Day online sales are expected to increase 19.5% to $4.4 billion. Forecasts for this year's holiday season sales have been bullish despite uncertainty from the trade war, tariffs and other forces. Adobe stock has gained 20.2% for the year to date while the S&P 500 index has gained 21.2% for the period.
The Zacks Analyst Blog Highlights: Pivotal Software, Verizon Communications, Dell Technologies, Microsoft and Adobe
Tue, 29 Oct 2019 14:13:02 +0000
The Zacks Analyst Blog Highlights: Pivotal Software, Verizon Communications, Dell Technologies, Microsoft and Adobe
The Zacks Analyst Blog Highlights: Procter & Gamble, Intel, Adobe, Walmart and Texas Instruments
Tue, 29 Oct 2019 14:11:02 +0000
The Zacks Analyst Blog Highlights: Procter & Gamble, Intel, Adobe, Walmart and Texas Instruments
Post-Brexit trade with Northern Ireland may survive systemic abuse
Tue, 29 Oct 2019 11:22:20 +0000
Throughout the week, the FT’s leading experts on trade — including Brussels-based Alan Beattie and Washington DC-based James Politi — will offer you insights and analysis you can’t find anywhere else. All of that follows the main story today, on how trade with Northern Ireland and Great Britain will work post-Brexit. Will Boris Johnson’s Brexit deal pave way to united Ireland?
Top Analyst Reports for Procter & Gamble, Intel & Adobe
Mon, 28 Oct 2019 19:06:07 +0000
Top Analyst Reports for Procter & Gamble, Intel & Adobe
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