Adobe (ADBE) Offering Possible 32.28% Return Over the Next 8 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $300.00 short put and a strike $295.00 long put offers a potential 32.28% 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 $300.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock dropped below the $295.00 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 71.99 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

Why Adobe Stock Soared 30.2% in the First Half of 2019
Tue, 09 Jul 2019 14:00:00 +0000
The creative software leader keeps setting new company records.

Microsoft Signs Broad Pact With ServiceNow, Extending Cloud Influence
Tue, 09 Jul 2019 12:45:44 +0000
(Bloomberg) — Microsoft Corp. and ServiceNow Inc., makers of cloud-based software, announced a partnership that will help ServiceNow sell to highly regulated industries and further integrate the companies’ technology. ServiceNow will use Microsoft’s Azure cloud to host workloads for the U.S. and Australian governments, the companies said Tuesday in a statement. The companies may allow other customers to run ServiceNow applications on Microsoft’s cloud, but didn’t specify when. This is the first time that ServiceNow has made its software available for use with a major public cloud-computing vendor.Microsoft will also sell ServiceNow applications, helpingServiceNow enter new segments and geographic markets. The agreement may bolster ServiceNow’s stated goal of reaching $10 billion in annual revenue. ServiceNow pitches itself as a “digital workflow company” that organizes the basics of business, such as setting up a help desk for IT operations or bringing on board new employees. Its decision to use Azure to run its software, instead of relying purely on in-house server farms, is key for Microsoft as it seeks more customers for its cloud infrastructure services. Market leader Amazon.com Inc. counts many of the biggest cloud-software application providers as clients, including Splunk Inc. and Okta Inc. “Microsoft was really best positioned as a broad strategic partner,” Lara Caimi, chief strategy officer of ServiceNow, said in an interview. “We were hearing from our customers that they wanted ServiceNow and Microsoft to work better together.”Microsoft will also use more ServiceNow software, adopting the company’s Information Technology & Employee Experience product “to improve operations, enhance employee experiences, and deliver stronger business outcomes,” according to the statement. For now, the software makers will integrate more capabilities from Microsoft's customer-relationship, accounting, and Office cloud applications with ServiceNow’s programs. The new deal with ServiceNow expands on a limited partnership the companies announced in October. Moving forward, ServiceNow will benefit from Microsoft’s security certifications as it pursues government contracts around the world. For Microsoft, the partnership will give the company another ally in the fast-growing cloud-applications space. The world’s largest software maker already partners with Adobe Inc. and SAP SE — companies that compete against a key Microsoft rival, Salesforce.com Inc. ServiceNow also goes toe-to-toe against Salesforce in help desk software, and Microsoft’s plan to sell ServiceNow products to customers fills a key gap in the Microsoft ecosystem. For its part, Salesforce has bought companies that are rivals of Microsoft, such as analytics company Tableau Software Inc. and Quip, which has a productivity suite.“It's a large vote of confidence in our platform,” said Gavriella Schuster, a Microsoft vice president.ServiceNow’s stock has gained 65% this year, closing at $293 on Monday in New York. Microsoft’s shares have jumped 35% this year to $136.96.  The Redmond, Washington-based software maker is the world’s most valuable company by market capitalization.Microsoft and Santa Clara, California-based ServiceNow committed to collaborate on future solutions, and are currently hashing out some of the details. ServiceNow may join Microsoft’s Open Data Initiative, a pact with SAP and Adobe to use the same data model so mutual customers can move information among their various systems. To contact the authors of this story: Nico Grant in San Francisco at ngrant20@bloomberg.netDina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

See what the IHS Markit Score report has to say about Adobe Inc.
Tue, 09 Jul 2019 12:07:02 +0000
Adobe Inc NASDAQ/NGS:ADBEView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for ADBE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADBE. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ADBE had net inflows of $7.78 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is very weak relative to the trend shown over the past year, and has continued to ease. However, the rate of expansion may accelerate in the coming months. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Facebook churns out a per-employee profit of $635K per year. How that compares with Apple, Google, Cisco, Oracle, Salesforce and others
Mon, 08 Jul 2019 11:30:00 +0000
Facebook makes more profit per employee than any other tech company on the Fortune 500: A whopping $634,694 per year. Here's how that compares with other major tech employers like Google, Apple and Cisco.

3 Surprising Stocks Hitting New Highs Last Week
Sun, 07 Jul 2019 18:00:00 +0000
Adobe, Starbucks, and Hilton hit new high-water marks despite recent challenges.

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