Adobe (ADBE) Offering Possible 7.3% Return Over the Next 6 Calendar Days

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Adobe’s most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 7.3% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $145.00 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 65.18 level which suggests that the stock is neither overbought nor oversold at this time.

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Adobe Announces Webcast of Financial Analyst Briefing at Adobe MAX
Thu, 12 Oct 2017 17:00:00 +0000
Adobe Systems Incorporated today announced it will webcast a briefing with financial analysts and investors in attendance at Adobe MAX on Wednesday, Oct. 18, 2017. At the briefing, which is being held in Las Vegas, Adobe will review the company’s strategy and business momentum.

Adobe says it will help advertisers and publishers find out if they are getting ripped off by ad tech companies
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