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Adobe Sees Relative Strength Rating Rise To 72

The Relative Strength (RS) Rating for Adobe (ADBE) climbed into a new percentile Friday, as it got a lift from 67 to 72.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks matched up against all other stocks.

Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating as they launch their biggest runs. See if Adobe can continue to show renewed price strength and hit that benchmark.


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Adobe is now considered extended and out of buy range after clearing a 536.98 buy point in a second-stage consolidation. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

The company showed 21% EPS growth in the latest quarterly report, while sales growth came in at 22%.

Adobe holds the No. 2 rank among its peers in the Computer Software-Desktop industry group. Adobe (ADBE) and Nuance Communications (NUAN) are also among the group’s highest-rated stocks.

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