Adobe’s most recent trend suggests a bullish bias. One trading opportunity on Adobe is a Bull Put Spread using a strike $235.00 short put and a strike $225.00 long put offers a potential 16.55% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $8.58 would be incurred if the stock dropped below the $225.00 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 66.54 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
See what the IHS Markit Score report has to say about Adobe Inc.
Sat, 19 Jan 2019 13:06:55 +0000
# Adobe Inc
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* ETFs holding this stock are seeing positive inflows but are weakening
* Bearish sentiment is low
* Economic output for the sector is expanding but at a slower rate
## Bearish sentiment
Short interest | Positive
Short interest is extremely low for ADBE with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADBE.
## Money flow
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $4.87 billion over the last one-month into ETFs that hold ADBE are among the lowest of the last year and appear to be slowing.
## Economic sentiment
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
## Credit worthiness
Credit default swap
CDS data is not available for this security.
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