Adobe’s most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $250.00 short put and a strike $245.00 long put offers a potential 39.28% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $250.00 by expiration. The full premium credit of $1.41 would be kept by the premium seller. The risk of $3.59 would be incurred if the stock dropped below the $245.00 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 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
This Announcement at WWDC Could Propel Apple’s Services Business Higher
Wed, 06 Jun 2018 00:11:00 +0000
Will this important update reinvigorate an important aspect of Apple’s services business?
Microsoft Buys Github & 2018’s Other Major Tech M&As
Tue, 05 Jun 2018 16:28:04 +0000
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney discusses Microsoft’s (MSFT) $7.5 billion acquisition of open-source software development pioneer GitHub and recaps the latest M&A trends in the technology sector.
Playing catch up in ‘front office’ software, SAP taps privacy concerns
Tue, 05 Jun 2018 15:43:44 +0000
LONDON/BERLIN (Reuters) – SAP is unveiling its biggest product makeover in years, rolling up its sales, marketing and customer service software into a single suite of tools that it says will offer greater privacy safeguards, taking aim at faster-growing rivals like Salesforce. SAP executives said classic sales-prospecting software is ready to be disrupted by a more joined-up approach that deeply connects sales and marketing functions with data from SAP’s “back office” planning tools to form a single software suite. The new software covers not just sales and marketing functions but also commerce, customer service and consumer data protection tools, which SAP sees as a weakness in older, largely sales-focused platforms as new European data rules take effect.
Stock Market News For Jun 5, 2018
Tue, 05 Jun 2018 14:02:02 +0000
Markets touched record highs on Monday, as investors??? confidence bounced back owing to strong economic backdrop and easing global trade war fears.
Tech Wins Back Investors as Apple Flaunts New Tools at WWDC
Tue, 05 Jun 2018 12:46:12 +0000
On Jun 4, shares of tech giants like Apple Inc. (AAPL), Microsoft, Inc. (MSFT), Netflix, Inc. (NFLX) and Adobe Systems Incorporated (ADBE) and Amazon.com, Inc. (AMZN) hit all-time highs.
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