Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 6.38% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $7.05 would be incurred if the stock dropped below the $97.50 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 79.58 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
How Microsoft Responded to Salesforce’s Objections
Mon, 03 Oct 2016 18:04:30 GMT
Market Realist – Before Microsoft (MSFT) made an offer of $26.2 billion for LinkedIn (LNKD), Salesforce submitted a bid for the company.
Media Alert: Adobe Survey Reveals Americans’ Dependence on Email
Mon, 03 Oct 2016 13:00:00 GMT
Business Wire – Adobe today released findings from its second annual email survey, focused on U.S. white collar workers’ habits and behavior related to personal and work email. The report shows that people constantly check their personal and work email, with smartphones overtaking computers as the device consumers use most regularly to check email.
HDFC Bank partners Adobe for personalised customer experience
Mon, 03 Oct 2016 08:00:04 GMT
Adobe Named a Leader in Gartner Magic Quadrant for Web Content Management
Mon, 03 Oct 2016 04:00:00 GMT
Business Wire – Adobe today announced that the company has been recognized by Gartner, Inc. as a Leader in the 2016 Magic Quadrant for Web Content Management research report for the sixth consecutive year.
Massive Facebook Trade Highlights Insider Selling: Apple, Adobe, Copart, Vanda Pharmaceuticals and More
Sun, 02 Oct 2016 14:15:09 GMT
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