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 6.53% 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 $105.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $7.04 would be incurred if the stock dropped below the $97.50 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 79.27 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
Adobe and Microsoft Partner in the Azure Cloud to Help Businesses Transform Customer Engagement
Wed, 05 Oct 2016 07:38:04 GMT
noodls – ATLANTA – Sept. 26, 2016- Today at Microsoft Ignite, Adobe Systems Incorporated (Nasdaq:ADBE) and Microsoft Corp. announced plans for a strategic partnership to help enterprise companies embrace digital …
Adobe Unveils New Virtual Reality, Character Animation and 3D Innovations at IBC 2016
Wed, 05 Oct 2016 07:38:03 GMT
noodls – SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe (Nasdaq:ADBE) today revealed a series of innovations coming soon in Adobe Creative Cloud and Adobe Marketing Cloud in advance of IBC in Amsterdam. Keeping pace …
Adobe Reports Record Revenue
Wed, 05 Oct 2016 07:38:03 GMT
noodls – SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe (Nasdaq:ADBE) today reported financial results for its third quarter fiscal year 2016 ended Sept. 2, 2016. Third Quarter Financial Highlights Adobe achieved record …
Adobe Named a Leader in Gartner Magic Quadrant for Web Content Management
Wed, 05 Oct 2016 07:28:01 GMT
noodls – SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe (NASDAQ:ADBE) 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 …
Media Alert: Adobe Report Finds Web Traffic Growth Stalling; Brands Leveraging Personalized Ads Succeed
Wed, 05 Oct 2016 07:28:01 GMT
noodls – SAN JOSE, Calif., – Sept. 26, 2016 – At Advertising Week, Adobe (Nasdaq:ADBE) today released findings from its inaugural Advertising Demand Report, which examined website traffic, digital advertising strategies, …
Related Posts
Also on Market Tamer…
Follow Us on Facebook