Adobe (ADBE) Offering Possible 70.94% Return Over the Next 15 Calendar Days

Adobe's most recent trend suggests a bearish bias. One trading opportunity on Adobe is a Bear Call Spread using a strike $675.00 short call and a strike $685.00 long call offers a potential 70.94% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $675.00 by expiration. The full premium credit of $4.15 would be kept by the premium seller. The risk of $5.85 would be incurred if the stock rose above the $685.00 long call 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 down which suggests that the medium-term momentum for Adobe is bearish.

The RSI indicator is at 50.66 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

Cyber Monday Misses Estimates on Short Supply, Weak Deals
Tue, 30 Nov 2021 14:16:57 +0000
(Bloomberg) — Final sales for Cyber Monday fell short of estimates and didn’t surpass last year’s record as lackluster sales and scarce inventory kept shoppers from breaking out their credit cards during the start of the holiday shopping season. Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransU.S. shoppers spent $10.7 billion on Cyber Monday, according to A

Twitter’s New CEO Joins Club of India-Born U.S. Tech Captains
Tue, 30 Nov 2021 06:43:05 +0000
(Bloomberg) — Twitter Inc. on Monday became the latest Silicon Valley titan to appoint an Indian-born chief executive officer, joining the likes of Microsoft and Google in recognizing the Asian country as one of the world’s richest pools of tech talent.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransThe appointment of former Chief Technology Officer Parag A

Adobe Hosts Financial Analyst Meeting; Webcast to Include Q4 & FY2021 Earnings
Mon, 29 Nov 2021 23:53:00 +0000
SAN JOSE, Calif., November 29, 2021–Adobe (Nasdaq:ADBE) today announced it will webcast its Financial Analyst Day and will report fourth quarter and fiscal year 2021 earnings during a virtual meeting on Thursday, Dec. 16, 2021.

Online sales fell on Black Friday but should bounce back on Cyber Monday, analysts say
Mon, 29 Nov 2021 23:23:12 +0000
Online sales dropped for the first time this Black Friday, but Cyber Monday is still expected to be the biggest shopping day of the year.

Why Amazon Is Rising Higher on Cyber Monday
Mon, 29 Nov 2021 16:40:04 +0000
Black Friday sales fell for the first time ever as the official start of the shopping season has lost its luster.

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