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ADOBE INC

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ADBE trade ideas

Bears eyeing ADBE divergenceADBE has been a beast for a long time, but there are signs the bulls may be exhausting. The daily chart is looking toppy with upper wicks of profit taking and clear resistance at 272.50, and a potential bearish reversal Head & Shoulders pattern forming on the daily. The support to break is 257 to confirm the pattern. The daily chart is setting up minor RSI bearish divergence and pretty significant MACD bearish divergence. This is one I'm going to wait for to come to me. Bearish RSI and MACD divergence on the weekly can be seen going back to November 2017 and the odds are always against the bear standing in front of a bull stock at all time highs. Any bears who took this short at the first sign of the divergence have long become insolvent.
NASDAQ:ADBEShort
by McGuireTO
2
The Gottcha ADBE TrendThe ADBE Trend is one that is often a “gottcha” for new swing traders. The problem is trading leadership. The runs are not initiated by Dark Pools or Pro Traders. The runs are initiated by smaller funds using VWAP or, worse, the retail crowd. The retail crowd is more emotional, has less experience and minimal training. Therefore, the runs they create are harder to trade. Try to avoid trading stocks that lack strong runs. Strive to trade with the Pro Traders, as the follow-through of the run is more reliable and the profits are usually much higher. This is not the ideal stock for swing trading at this time. Martha Stokes, CMT
NASDAQ:ADBE
by MarthaStokesCMT-TechniTrader
6
ADBE to Release Earnings on September 13Adobe Systems Incorporated (ADBE) is scheduled to release earnings on September 13, 2018, after the market closes, and will hold a conference call at 5:00 PM ET on the same day. The stock currently trades at 265.37, which is 5.4% higher than the close following its last reported earnings, trading with a range of 235.87 to 269.96 since that time. Expected Price Volatility Currently, option traders are expecting a ± 4.5% move for this earnings, and during the previous earnings release, the stock experienced a -2.4% move. Over the last 12 quarters, the absolute average move has been ± 3.3%, with a minimum move of 1.2% and a maximum move of 7.1%. ADBE has only experienced 3 larger-than-expected earnings moves in the last 12 quarters. Earnings Price Pattern The MarketChameleon earnings price pattern has detected two notable historical trends. 1 Week Before Earnings:For 11 of the last 12 quarters (92%), ADBE stock price has gone up in the week before earnings. It has had an average gain of +1.9% during that span. 2 Weeks After Earnings:For each of the last 5 quarters, the stock price has gone down in the 2 weeks following earnings. Over that period, it has an average loss of -2.4%. Earnings Option Strategies MarketChameleon's option strategy analysis shows that selling out-of-the-money puts the day before earnings had 83% winning occurrences, for an average gain of +67.7%. Additionally, selling at-the-money straddles resulted in 75% winning occurrences, for an average return of +24.8%. EPS Estimate Analysts are currently expecting ADBE to report an earnings of $1.69 per share, compared to $1.10 for the same quarter last year. Revenue is expected to come in at $2.2 billion versus $1.8 billion for the previous year.
NASDAQ:ADBE
by MarketChameleoncom
$ADBE Adobe Continued Ascension$ADBE Adobe looking like a solid buy after tagging the lower trend line yesterday (while holding the 50d ema) of a tight bullish channel it's been riding since late 2017. RSI has not dropped below 40 this year and reversed off that level today. Adobe is a solid company with a great track record of earnings beats. Two possible trade targets below. Short term target - $258.90 (previous ATH) Medium term target - $270.00 (upper channel limit) Note: Observation/opinion, not investment advice.
NASDAQ:ADBELong
by Triple_Barrel_Capital
1