Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $262.50 short put and a strike $257.50 long put offers a potential 61.29% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $262.50 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $257.50 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 66.82 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 Systems (ADBE) Outpaces Stock Market Gains: What You Should Know
Mon, 10 Sep 2018 21:45:09 +0000
In the latest trading session, Adobe Systems (ADBE) closed at $265.37, marking a +1.69% move from the previous day.
Who Joins Apple, Adobe On Latest List Of New Buys By Top Funds?
Mon, 10 Sep 2018 20:06:43 +0000
Which stocks have the best mutual funds been buying? See who joins Apple, Adobe, Ross Stores, and IBD 50 stock Nanometrics on the latest list.
Adobe to Webcast Q3 FY2018 Earnings Conference Call
Mon, 10 Sep 2018 17:00:00 +0000
Adobe today announced it will webcast its third quarter fiscal year 2018 earnings conference call to be held later this week.
Adobe Systems (ADBE) to Report Q3 Earnings: What's in Store?
Mon, 10 Sep 2018 14:10:02 +0000
Adobe's (ADBE) fiscal third-quarter results are likely to be driven by strength in Creative Cloud.
Shopify's Not Afraid of Adobe
Sun, 09 Sep 2018 17:31:00 +0000
Key takeaways from the commerce platform's recent investor call.
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