Adobe (ADBE) Offering Possible 42.86% Return Over the Next 20 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $375.00 short put and a strike $370.00 long put offers a potential 42.86% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $375.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $370.00 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 59.57 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

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Thu, 28 May 2020 14:27:00 +0000
Managers of hedge funds and mutual funds are worlds apart on a lot of investing decisions, but do have some overlap. Investors may be able to learn from both.

Is Adobe Inc.'s(NASDAQ:ADBE) Recent Stock Performance Tethered To Its Strong Fundamentals?
Thu, 28 May 2020 10:14:50 +0000
Adobe (NASDAQ:ADBE) has had a great run on the share market with its stock up by a significant 13% over the last…

Adobe Systems (ADBE) Stock Sinks As Market Gains: What You Should Know
Wed, 27 May 2020 21:45:09 +0000
Adobe Systems (ADBE) closed at $375.17 in the latest trading session, marking a -0.39% move from the prior day.

Adobe Says ‘Major Issues’ Took Photoshop, Other Apps Offline
Wed, 27 May 2020 18:07:32 +0000
(Bloomberg) — Adobe Inc., the maker of Photoshop, said some of its applications were knocked offline Wednesday by “major” technical issues.There were four major issues, down from 13 earlier, and 12 minor issues affecting Creative Cloud, Experience Cloud, Adobe Services and the Adobe Experience Platform as of 2 p.m. in New York, the San Jose, California-based company said. Adobe’s engineers were also trying to resolve other potential issues in progress.“We’re working urgently to get back online as soon as possible,” Adobe told users in a tweet. A spokesman said the technical issues aren’t security related.Major public-cloud vendors Amazon.com Inc., Microsoft Corp. and Alphabet Inc.’s Google reported no service issues, so the problems appear to be isolated with the software company. Adobe’s shares declined 1.6% to $370.76. The stock gained 14% this year through Tuesday’s close.Millions of people rely on Adobe’s creative and document apps. The company said its Creative Cloud apps have been downloaded 376 million times, and users opened 250 million PDFs with an Adobe program in the last year. Many businesses use Adobe’s marketing, advertising and analytics tools, which were disrupted by the technical problems.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Software Growth Stocks, Work-From-Home Plays Fall As States Reopen
Wed, 27 May 2020 15:21:50 +0000
Shopify, Zoom Video, ServiceNow and other software growth stocks fell on Wednesday as the coronavirus lockdown eased and investors took profits on work-from-home and e-commerce plays.

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