Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $290.00 short put and a strike $285.00 long put offers a potential 38.89% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $290.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $285.00 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 62.45 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
Is Adobe a Buy?
Sun, 30 Jun 2019 21:15:00 +0000
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How Adobe Inc and Other Hedge Fund Favorites Performed in Q2
Sun, 30 Jun 2019 01:57:33 +0000
Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]
Edited Transcript of ADBE earnings conference call or presentation 18-Jun-19 9:00pm GMT
Fri, 28 Jun 2019 21:03:24 +0000
Q2 2019 Adobe Inc Earnings Call
Adobe Contributed to the NASDAQ’s Third Straight Fall on Tuesday
Thu, 27 Jun 2019 18:27:57 +0000
Adobe’s (ADBE) stock rallied recently after reporting another stellar quarter. The stock reached its all-time high of $304.0 on June 17. However, the stock fell by over 4% on Tuesday as investors booked profit. The stock is up 30% year-to-date.
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