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 9.97% return on risk over the next 29 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 $0.68 would be kept by the premium seller. The risk of $6.82 would be incurred if the stock dropped below the $97.50 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 68.19 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Adobe
Adobe and CoLucid Pharma edge higher while Target skids
Wed, 18 Jan 2017 21:43:19 GMT
Adobe's Board OKs $2.5 Billion Share Buyback
Wed, 18 Jan 2017 20:45:05 GMT
Stock Market News for January 18, 2017
Wed, 18 Jan 2017 15:10:03 GMT
Adobe Gets Authorization to Repurchase Shares Worth $2.5B
Wed, 18 Jan 2017 13:45:01 GMT
The CEO of ad tech firm TubeMogul explains why he sold his company to Adobe for $540 million and what happens now
Wed, 18 Jan 2017 09:16:31 GMT
Business Insider – When Business Insider chats on the phone with TubeMogul CEO Brett Wilson on Tuesday, he has just…
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