Adobe (ADBE) Offering Possible 49.25% Return Over the Next 8 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 $262.50 short put and a strike $257.50 long put offers a potential 49.25% 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 $262.50 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $257.50 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 at 66.75 level which suggests that the stock is neither overbought nor oversold at this time.

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Adobe Systems Inc NASDAQ/NGS:ADBE

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In the latest trading session, Adobe Systems (ADBE) closed at $265.37, marking a +1.69% move from the previous day.

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