Adobe (ADBE) Offering Possible 32.98% 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 $265.00 short put and a strike $260.00 long put offers a potential 32.98% 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 $265.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock dropped below the $260.00 long put 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 up which suggests that the medium-term momentum for Adobe is bullish.

The RSI indicator is at 62 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

Microsoft Could Evolve Into Shopify's Newest Competitor
Sun, 07 Apr 2019 21:45:00 +0000
The tech giant could bundle e-commerce tools with its cloud services soon.

Microsoft Looks Well-Positioned to Take On Salesforce, Analyst Says
Fri, 05 Apr 2019 17:14:00 +0000
Microsoft’s new partnership with Adobe to better integrate its sales and marketing software puts the technology giant in a good spot, Oppenheimer says.

Bay Area is home to 19 of 50 top public companies where Americans want to work, LinkedIn says
Fri, 05 Apr 2019 13:47:05 +0000
Here are the Bay Area-based public companies that LinkedIn says are among the most desired employers to work for in the country.

Shopify stock gains after Baird hikes target
Fri, 05 Apr 2019 12:48:00 +0000
Shares of Shopify Inc. are up 0.7% in premarket trading Friday after Baird analyst Colin Sebastian upped his price target to $208 from $188. "Our latest checks suggest Shopify continues to consolidate share, despite intensifying competitive concerns (i.e., Adobe , Facebook/Instagram , Microsoft , Salesforce , Square ), and believe it will take years and significant investment for others to catch up," Sebastian wrote. "While we would not dismiss the risks/opportunities for any of these companies, we note that Shopify's platform required >$1 billion in R&D and marketing investment just over the past four years, and remains differentiated from current alternatives." He said the stock still deserves its lofty multiple of 10 times 2020 estimates for enterprise value to revenues, as that multiple is well below those of other hot software names like Atlassian Inc. , which currently trades at 19 times. Shopify shares have climbed 41% in the past three months, as the S&P 500 has gained 14%.

Traders Wary but Mostly Positive
Thu, 04 Apr 2019 23:20:17 +0000
Industrials led the market as cloud companies lagged. A rising dollar is a risk and an opportunity as we prepare for tomorrow's labor report.

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