Adobe (ADBE) Offering Possible 65.56% Return Over the Next 7 Calendar Days

Adobe's most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $335.00 short put and a strike $330.00 long put offers a potential 65.56% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $335.00 by expiration. The full premium credit of $1.98 would be kept by the premium seller. The risk of $3.02 would be incurred if the stock dropped below the $330.00 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 at 78.17 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

Spiros Segalas Adds 4 Stocks to Portfolio in 4th Quarter
Wed, 08 Jan 2020 17:00:04 +0000
Guru ends the year with a position in newly public Peloton Continue reading…

Top 5 Cloud Stocks to Own for 2020 and for the Next Decade: Analyst
Wed, 08 Jan 2020 10:10:00 +0000
Piper Sandler sees the cloud software industry reaching $1 trillion in revenues by the end of the 2020s.

Former Informatica CEO tapped to lead Adobe unit a year after reorganization
Tue, 07 Jan 2020 22:18:45 +0000
Adobe Inc.'s Digital Experience business finally has a new leader, a year after former general manager Brad Rencher left in a reorganization.

Adobe Appoints Anil Chakravarthy as Executive Vice President and General Manager of Its Digital Experience Business
Tue, 07 Jan 2020 14:30:00 +0000
Adobe (Nasdaq:ADBE) today announced the appointment of Anil Chakravarthy as executive vice president and general manager, Digital Experience. In this role, Chakravarthy will lead Adobe’s Digital Experience business, reporting directly to Adobe president and CEO Shantanu Narayen.

Adobe Stock Sets New High but Is Extremely Overbought
Mon, 06 Jan 2020 00:31:34 +0000
Adobe Inc. (ADBE) remains a popular play on cloud computing, but investors must recognize that this software company is a play on technical momentum and is not a value stock. As we enter 2020, my proprietary analytics generated new technical levels for every stock in the universe including Adobe. For Adobe, we have a wide range between value levels and risky levels, which warns of extreme volatility as 2020 begins.

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