Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $125.00 short put and a strike $115.00 long put offers a potential 9.17% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $9.16 would be incurred if the stock dropped below the $115.00 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 above 80 which suggests that the stock is in overbought territory.
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
Many of Silicon Valley's biggest companies are absent from San Jose flood-relief efforts
Tue, 28 Mar 2017 13:58:26 GMT
Is Adobe Systems Getting Ready for Another Jump Higher?
Tue, 28 Mar 2017 12:54:00 GMT
TheStreet – ADBE has been a great performer over the years; is there more gas in the tank?
Looking for a Top Momentum Stock? 3 Reasons Why Adobe Systems (ADBE) is a Great Choice
Tue, 28 Mar 2017 12:32:12 GMT
Adobe Price Estimate Revised To $132, Here's Why
Mon, 27 Mar 2017 17:51:00 GMT
Forbes – Adobe successfully transformed its business model over the past few years, from a perpetual licensing vendor to a cloud-based Software-as-a-Service (SaaS) provider. As this transformation gained momentum, the number of subscribers for its Creative Cloud grew
Jim Cramer: We Like Adobe for Action Alerts PLUS
Mon, 27 Mar 2017 15:05:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook