Adobe (ADBE) Offering Possible 61.29% Return Over the Next 9 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 61.29% return on risk over the next 9 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 $1.90 would be kept by the premium seller. The risk of $3.10 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 66.82 level which suggests that the stock is neither overbought nor oversold at this time.

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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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Adobe to Webcast Q3 FY2018 Earnings Conference Call
Mon, 10 Sep 2018 17:00:00 +0000
Adobe today announced it will webcast its third quarter fiscal year 2018 earnings conference call to be held later this week.

Adobe Systems (ADBE) to Report Q3 Earnings: What’s in Store?
Mon, 10 Sep 2018 14:10:02 +0000
Adobe’s (ADBE) fiscal third-quarter results are likely to be driven by strength in Creative Cloud.

Shopify’s Not Afraid of Adobe
Sun, 09 Sep 2018 17:31:00 +0000
Key takeaways from the commerce platform’s recent investor call.

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