Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $110.00 short put and a strike $100.00 long put offers a potential 5.6% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $9.47 would be incurred if the stock dropped below the $100.00 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 73.15 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Adobe Systems Incorporated — Moody's upgrades Adobe to A3
Tue, 31 Jan 2017 20:50:05 GMT
Moody's – New York, January 31, 2017– Moody's Investors Service upgraded Adobe Systems Incorporated's senior unsecured rating to A3 from Baa1. The upgrade was driven by the successful transition to a subscription …
Adobe Announces Major Updates to Technical Communication Solutions
Tue, 31 Jan 2017 16:55:00 GMT
Business Wire – Adobe today announced the 2017 release of Adobe Technical Communication Suite, the next-generation of its end-to-end technical content development toolkit. Technical Communication Suite enables companies to create, manage and publish standards-compliant, multilingual content for global audiences.
Tech companies to meet on legal challenge to Trump immigration order
Tue, 31 Jan 2017 09:40:56 GMT
Tech companies to meet on legal challenge to Trump immigration order
Tue, 31 Jan 2017 05:12:08 GMT
Will Microsoft Stymie Salesforce.com's Stock Turnaround?
Mon, 30 Jan 2017 21:01:36 GMT
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