Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $250.00 short put and a strike $245.00 long put offers a potential 25% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $245.00 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 at 42.93 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
After the Dip, Symantec Stock Could Have at Least 30% Upside
Tue, 07 Aug 2018 21:21:38 +0000
After Symantec (NASDAQ:SYMC) first disclosed its accounting problems in May, the stock quickly tanked and fell below $20 a share. Now with a forward P/E of 11, SYMC stock is well below fair value. Symantec forecast full-year revenue would fall below the $4.83 billion consensus estimates and in the range of $4.67-$4.79 billion.
5 Silicon Valley Stocks to Buy as Tech Juggernauts Roll On
Tue, 07 Aug 2018 16:04:00 +0000
Tech shares, which have had a tumultuous start to the month, started scaling north following strong quarterly results from Apple (NASDAQ:AAPL) among others. Given such bullishness, investing in some of the biggest and best known Silicon Valley stocks seems judicious. Needless to say, that Silicon Valley is the heart of the technology sector.
Adobe Is About to Make Apple’s iPad More Exciting
Tue, 07 Aug 2018 15:05:46 +0000
Adobe Systems (ADBE) is developing a full version of its Photoshop app for Apple’s (AAPL) iPad tablet, according to Bloomberg. Although Adobe already offers a lightweight version of the Photoshop app for Apple’s iOS devices, media professionals have been demanding more Photoshop power on the iPad to expand their options to make edits on the fly.
AMD’s Recent Product Launch Initiatives
Tue, 07 Aug 2018 14:30:21 +0000
This year noted several product launches, initiatives, and partnerships toward higher segment growth for AMD (AMD).
Brooks Automation (BRKS) Q3 Earnings Beat, Revenues Up Y/Y
Tue, 07 Aug 2018 12:24:12 +0000
Brooks Automation's (BRKS) third-quarter results benefit from robust performance across both the life sciences and the semiconductor solutions segments.
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