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.


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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