Adobe (ADBE) Offering Possible 49.7% Return Over the Next 3 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $275.00 short put and a strike $270.00 long put offers a potential 49.7% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $275.00 by expiration. The full premium credit of $1.66 would be kept by the premium seller. The risk of $3.34 would be incurred if the stock dropped below the $270.00 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 50.74 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

Have Insiders Been Selling Adobe Inc. (NASDAQ:ADBE) Shares?
Sun, 13 Oct 2019 12:29:19 +0000
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is…

Fund Outperforms Despite Holding Just 22 Growth Stocks; Here's Its Strategy
Fri, 11 Oct 2019 12:00:26 +0000
Managers of Edgewood Growth Fund want growth stocks that are poised for long-term earnings growth and are trading at big discounts to fair market value.

6 Market Leaders Fueled by Superior Revenue Growth
Thu, 10 Oct 2019 17:39:36 +0000
As a slowing economy and trade wars cloud the outlook for U.S. companies, Goldman Sachs has compiled a list of stocks that are expected to post double-digit sales increases in 2020 despite strong macro headwinds. Excluding stocks in the financial, utilities, and real estate sectors, a mere 24 members of the S&P 500 Index (SPX) are projected to increase revenues by 10% or more 2020, per the new edition of Goldman's US Quarterly Chartbook. While the S&P 500 is up by 16.5% year-to-date through Oct. 9, 2019, six of these stocks have posted even more impressive gains: Global Payments Inc. (GPN), 56.2%, Danaher Corp. (DHR), 33.1%, Adobe Inc. (ADBE), 21.2%, Nvidia Corp. (NVDA), 35.4%, Mastercard Inc. (MA), 44.3%, and Microsoft Corp. (MSFT), 36.1%.

Zacks Earnings Trends Highlights: Nike, FedEx and Adobe
Thu, 10 Oct 2019 15:33:03 +0000
Zacks Earnings Trends Highlights: Nike, FedEx and Adobe

Adobe (ADBE) is an Incredible Growth Stock: 3 Reasons Why
Thu, 10 Oct 2019 12:45:12 +0000
Adobe (ADBE) is well positioned to outperform the market, as it exhibits above-average growth in financials.

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