Adobe (ADBE) Offering Possible 36.99% Return Over the Next 30 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $360.00 short put and a strike $350.00 long put offers a potential 36.99% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $360.00 by expiration. The full premium credit of $2.70 would be kept by the premium seller. The risk of $7.30 would be incurred if the stock dropped below the $350.00 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 70.03 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

Adobe Systems (ADBE) Gains But Lags Market: What You Should Know
Mon, 18 May 2020 21:45:09 +0000
In the latest trading session, Adobe Systems (ADBE) closed at $369.47, marking a +1.14% move from the previous day.

The 3 Best Cloud Stocks Not Named Amazon or Microsoft
Mon, 18 May 2020 13:24:47 +0000
Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are often considered the top stocks in the cloud market. After all, Amazon Web Services (AWS) and Microsoft's Azure are the two largest cloud infrastructure platforms in the world, and both companies are leveraging their sprawling ecosystems to gain more customers. Amazon and Microsoft are still great investments, but investors shouldn't neglect other promising plays on the public cloud market, which could grow at a compound annual growth rate of 21% between 2018 and 2022, according to Forrester Research.

Wall Street sees plenty of upside for these downtrodden tech stocks
Sat, 16 May 2020 17:45:00 +0000
Shares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this year.

Is Adobe Systems Stock a Buy?
Sat, 16 May 2020 14:45:00 +0000
Adobe Systems Inc.'s (NASDAQ: ADBE) stock has climbed an incredible 358% over the last five years and has delivered a 10-bagger for investors who've held the stock for the last decade. Adobe reports its revenue in three segments: Digital Media (made up of its Creative Cloud and Document Cloud products), Digital Experience, and Publishing (a small set of legacy products). Because its Creative Cloud is its largest moneymaking product set, it's separated in the table below.

Black Friday came early this year due to the coronavirus, sending apparel prices plunging 12%
Fri, 15 May 2020 11:33:00 +0000
COVID-19 has had an impact on pricing and consumer behavior, with some analysts forecasting long-term changes.

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