ADBE trade ideas
ADBE - tested trendline and reboundingS&P 500 is still staying put above 2300 critical support. I know it' s crazy scary now and volatility is just so great but I am willing to start nibbling when I see this. Stop loss below today's low by a few ticks and looking to protect profits with trailing stops . Trade carefully!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
THE WEEK AHEAD: ADBE, ORCL EARNINGS; GDX/GDXJ, USO/XOP/XLE, EWZEARNINGS:
ADBE (89/65) and ORCL (77/60) both announce earnings on Thursday after market close and have the metrics I look for in earnings-related volatility contraction plays (>70% rank; >50% 30-day implied).
Pictured here: a short strangle paying 11.65 at the mid price camped out around the 16 delta. Its defined risk counterpart: the 265/275/395/405 ten-wide iron condor pays 2.46. Off hours markets are showing wide, so look to price setups out during the regular session.
The delta neutral ORCL April 17th 40/55 short strangle pays 1.45.
EXCHANGE-TRADED FUNDS WITH EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS >10% OF THE STOCK PRICE:
GDX (99/51), April
USO (97/66), April
GDXJ (96/58), April
XLE (97/75), April
EWZ (92/52), April
XOP (92/51), April
TLT (91/41), May
EWW (91/48), April
XLU (90/43), June
SMH (84/56), April
FXI (65/33), June
BROAD MARKET WITH EXPIRY IN WHICH THE AT-THE-MONEY SHORT STRADDLE PAYS >10% OF THE STOCK PRICE:
EFA (87/37), June
QQQ (83/43), April
IWM (82/46), May
SPY (78/41), May
EEM (70/37), June
FUTURES:
/CL (97/65)
/GC (84/25)
/SI (70/30)
/NG (65/48)
/ZS (30/19)
/ZC (21/22)
/ZW (13/27)
VIX/VIX DERIVATIVES:
VIX finished the week at 41.94, so it has been a rough ride for shorters who were in plays before this volatility expansion (points to self). The basic watch word is "patience"; volatility will abate at some point in time ... .
Buy medium term with ADBEMy strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order.
...
Wait for a retest and long-term purchase of ADBE (weekly candle)My strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order.
...
Adobe - AB=CD pattern - short - 52 week high - OBAdobe looks in great shape to short on the 4 hour (or daily chart) - just wait for a solid and simple entry reason as all the confirmations (so far) for a good short are apparent.
As always I wish you success, happiness & good luck!
Comments always welcome.
$ADBE bullish trade setup executed for 100% gains!ADBE has been on a great run since December but it looks like it is on the last leg of this run as it overbought on multiple indicators whilst near resistance. We secured 100% gains by playing some call options in this run. WIll be watching what it does next week.
$ADBE Earnings trade in AdobeEntry level $307 = Target price $344 = Stop loss $300
P/E ratio 53
Mutiple analysts upgrades this week are very bullish as analysts don't want to get caught out.
Adobe analyst commentary at BMO Capital Adobe price target raised to $350 from $300 at BMO Capital. BMO Capital analyst Keith Bachman raised his price target on Adobe to $350 and kept his Outperform rating, also boosting his FY20 EPS veiw by 12c to $9.75. The analyst contends that the company may reach 45% margins in FY23 barring additional M&A, with next year likely to see more margin upside than revenue upside. Bachman further states that Adobe shares are "reasonably, if not attractively, valued" with an enterprise value to revenue / revenue growth rate plus free cash flow margin multiple of 0.21-times, which is below the 0.3-times multiple average among its growth software peers
Adobe analyst commentary at Morgan Stanley Adobe price target raised to $410 from $340 at Morgan Stanley. Morgan Stanley analyst Keith Weiss raised his price target on Adobe shares to $410 from $340 as he believes the durable earnings power of the more mature Digital Media segment appears undervalued given investors fears about the company's other segment that accounts for the majority of revenues, namely and Digital Experience. However, he thinks improving and more consistent execution in Digital Experience could remove a weight from the stock's multiple, Weiss tells investors. He keeps an Overweight rating on Adobe shares.
Adobe analyst commentary at Cowen Adobe price target raised to $305 from $295 at Cowen. Cowen analyst J. Derrick Wood raised his price target on Adobe to $305 from $295 ahead of Q4 results on December 12. The analyst said his Digital Media partner survey showed an up-tick in growth performance during Q4 which bolstered his confidence in the company's ability to execute. He believes some of the upside is already in the shares as the company recently raised its guidance. Wood reiterated his Outperform rating on Adobe shares. 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup
Source thefly.com
Company profile
Adobe, Inc. engages in the provision of digital marketing and media solutions. It operates through the following segments: Digital Media, Digital Experience, and Publishing. The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Light room and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat. The Digital Experience segment provides solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization. The Publishing segment includes legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing. The company was founded by Charles M. Geschke and John E. Warnock in December 1982 and is headquartered in San Jose, CA.
ADOBE INC (ADBE) is near the Key Historical Level!The price is near the Key Historical Level 313.00.
The best place foe open Sell will be under that level after the false breakout.
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