Adobe (ADBE) Offering Possible 34.23% Return Over the Next 37 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $285.00 short put and a strike $275.00 long put offers a potential 34.23% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $285.00 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $7.45 would be incurred if the stock dropped below the $275.00 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

Amid Solid Fundamentals, Is Adobe Stock Ready For Another Leg Up?
Mon, 11 Nov 2019 20:03:13 +0000
After a big price gain in recent years, Adobe stock could be ready for another leg higher thanks to bright growth prospects in the field of cloud computing.

Artificial Intelligence Stocks To Buy And Watch Amid Rising AI Competition
Fri, 08 Nov 2019 14:00:48 +0000
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.

The Zacks Analyst Blog Highlights: Berkshire Hathaway, Adobe Systems, BHP, BlackRock and Aktiengesellschaft
Thu, 07 Nov 2019 15:56:03 +0000
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Adobe Systems, BHP, BlackRock and Aktiengesellschaft

HP (HPQ) Surges: Stock Moves 6.4% Higher
Thu, 07 Nov 2019 14:43:02 +0000
HP (HPQ) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Adobe Exec Defends Photoshop for iPad After App Falls Flat
Thu, 07 Nov 2019 05:11:33 +0000
(Bloomberg) — Adobe Inc. debuted its most important mobile application ever this week when it finally released Photoshop for Apple Inc.’s iPad. But with key capabilities missing, many within the company’s vast fan base have panned the application, prompting the app’s overseer to publicly defend his product.Scott Belsky, chief product officer of Adobe’s Creative Cloud division, tweeted about the “painful” early reviews for a product his team has worked on for years. Right now in Apple’s App Store, Photoshop for iPad has a user review rating of 2.3 out of 5 stars. Belsky tweeted a screenshot of the metric, saying it made sense that a re-imagination of a popular 30-year-old product would displease many. Bloomberg News reported last month that the beta version of the touchscreen Photoshop app upset testers who missed many of the popular functions they’d grown accustomed to over the years.“If you try to make everybody happy w/ a v1, you’ll either never ship or make nobody happy,” Belsky tweeted. “Such feats require customer feedback to truly exceed expectations. You must ship and get fellow passionate travelers on board. But for a team with the right vision and commitment, being doubted and critiqued is motivating and informing.” Belsky also responded to users who tweeted about not enjoying Photoshop on Apple’s tablet, recommending they try Adobe’s drawing app, Fresco. While it’s hard, it’s important to build products “with customers” rather than “hidden in the lab,” he added.Read more: Adobe Pitches Illustrator, Photoshop for IPad Amid Slowing SalesAdobe has embarked on the arduous task of bringing its most successful software franchises to mobile devices to maintain its stature as the world’s largest maker of creative software. The San Jose, California-based company said this week it will bring Illustrator to the iPad in 2020.While the apps cater to creative professionals seeking the ability to work on the go, Adobe also is trying to expand the appeal of its photo-editing and illustration software to hobbyists. The strategy may boost revenue growth for the Creative Cloud unit. Adobe projected in September that sales growth for its smaller marketing software unit would slow down in the current period, raising pressure on the main creative business.\–With assistance from Mark Gurman.To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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