Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 65.56% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.98 would be kept by the premium seller. The risk of $3.02 would be incurred if the stock rose above the $230.00 long call 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 down which suggests that the medium-term momentum for Adobe is bearish.
The RSI indicator is at 41.46 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
U.S. online consumer spending tops $100 bln in first quarter
Wed, 02 May 2018 17:40:00 +0000
U.S. consumers spent a record $100 billion online in the first quarter, helped by holiday promotions, Adobe Analytics said on Wednesday, highlighting the ongoing switch to web retailers from brick-and-mortar stores. Online sales rose 14.1 percent from the year-ago quarter, boosted by sales for Presidents Day and Martin Luther King, Jr Day, according to a report by the web analytics arm of Adobe Systems Inc. “This continued fast-paced growth in online spending suggests that consumer confidence remains high, and we suspect the strong stock market is also helping buoy online sales,” Sid Kulkarni, manager for Adobe Digital Insights, another Adobe Systems research arm, said in a blog post.
DocuSign IPO: 5 things to know about the e-signature company
Fri, 27 Apr 2018 13:25:16 +0000
DocuSign Inc., which enables companies to provide forms to customers and obtain their legally binding electronic signatures on the documents, priced its initial public offering at $29 a share Thursday …
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Fri, 27 Apr 2018 12:56:12 +0000
Smart Beta ETF report for PWB
These 3 Stocks Shot Up 50% in 2017 — Are They Still Buys?
Thu, 26 Apr 2018 13:14:00 +0000
Our team of investing experts thinks these growth stocks are just getting warmed up.
Microsoft Dynamics 365 and Adobe Experience Cloud selected by 24 Hour Fitness to transform customer engagement
Wed, 25 Apr 2018 16:00:00 +0000
REDMOND, Wash., and SAN JOSE, Calif., April 25, 2018 /PRNewswire/ — Microsoft Corp. (MSFT) and Adobe (ADBE) on Wednesday announced an agreement with 24 Hour Fitness, one of the nation's largest privately owned and operated fitness chains, to deploy Microsoft Dynamics 365 and Adobe Experience Cloud across its network of more than 420 clubs nationwide. This will enable 24 Hour Fitness to dramatically enhance its ability to offer more personalized and unified digital experiences for members throughout every touch point in their fitness journey. With technology integrations across Microsoft business applications and Adobe Experience Cloud, 24 Hour Fitness is investing in a combined cloud platform to engage its members and prospects with highly personalized experiences.
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