Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $297.50 short put and a strike $292.50 long put offers a potential 53.85% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $297.50 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $292.50 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
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Tue, 19 Nov 2019 21:26:11 +0000
Vacation day cashouts, merchandise at the company store and home security systems are some of the perks granted to Silicon Valley's highest-paid CEOs.
Robertson's Tiger Management Buys Adobe, Facebook
Tue, 19 Nov 2019 17:26:40 +0000
Firm's largest buys of the 3rd quarter Continue reading…
Splunk (SPLK) to Report Q3 Earnings: Factors Setting the Tone
Mon, 18 Nov 2019 22:54:10 +0000
Splunk's (SPLK) third-quarter fiscal 2020 results are expected to reflect portfolio strength and a robust partner base.
Adobe Systems (ADBE) Stock Sinks As Market Gains: What You Should Know
Mon, 18 Nov 2019 22:45:10 +0000
Adobe Systems (ADBE) closed at $297.07 in the latest trading session, marking a -0.14% move from the prior day.
Hedge Funds Open Kimono: 5 Most Popular Software Stocks Right Now
Mon, 18 Nov 2019 15:36:50 +0000
We believe one of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter hedge funds with at least $100 million in total positions in publicly traded US stocks/options are required to open the kimono and disclose the number of shares and the total value of […]
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