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CLOSING UPDATE: Adobe Systems hits 52-week high fifth time in one month 21 July 2017 17:53 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Adobe Systems, NASDAQ's 2nd largest computer software company by market capitalisation, hit a 52-week high of $US150.40 today for the fifth time in the past one month and last traded at $US149.52. Trading volume was 57% of average at the end of the day. Compared with the NASDAQ-100 Index which rose 0.3 points (or 0.01%) in the day, this represented a relative price change of -0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 2.25 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 85% of the NASDAQ market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high five times and in the last three months twenty-one times, pointing to a significant uptrend.

+ The price lifted 2.3% in the last week and 3.7% in the last month.

+ The present value of USD1,000 invested one year ago is $US1,552 [vs $US1,274 for the NASDAQ-100 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Assets 9.2% [7.7%]

+ Return on Capital Employed 15.2% [12.9%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 21.4 times.

+ Total Liabilities/EBITDA of 3.3 is comfortably below the Joseph Piotroski benchmark of <5.

+ The Brand Value represents 4.2% of the estimated Enterprise Value of $US75.7 billion.

Note

Bearish Signals:

Tobin's Q Ratio is 5.8. Compared with the rest of the market the stock is overvalued and ranks in the bottom 7% of stocks by value of Q Ratio.

As per the Du Pont analysis, Return on Equity of 15.7% is lower than sector average of 19.0%.

Overbought/Bearish:

The 0.6% discount to 12-month high of $US150.40 against the 56.7% premium to 12-month low of $US95.42 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 64.5 [38.0]

Price/Earnings/Growth of 1.04 [0.9]

Return on Equity 15.7% [19.0%]

TODAY'S ALERT

Afternoon Alert: Adobe Systems hits 52-week high fifth time in one month

21 July 2017 13:29 EDT

Adobe Systems Incorporated (NASDAQ:ADBE) hit a 52-week high of $US150.36 today for the fifth time in the past one month and last traded at $US150.17. This brought its six-day rise to $US5.12 or 3.5%. Trading volume was 1.1 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Adobe Systems increased 0.7% - outperforming 86% of stocks

20 July 2017 17:52 EDT

Adobe Systems, NASDAQ's 2nd largest computer software company by market capitalisation, has increased $US1.02 (or 0.7%) today to trade at $US149.94 and has outperformed 86% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal. Compared with the NASDAQ-100 Index which rose 5.1 points (or 0.09%) in the day, this represented a relative price increase of 0.6%.

Afternoon Alert: Adobe Systems hits 52-week high fourth time in one month

20 July 2017 13:29 EDT

Adobe Systems Incorporated (NASDAQ:ADBE) hit a 52-week high of $US150.0 today for the fourth time in the past one month and last traded at $US149.61. This brought its five-day rise to $US4.56 or 3.1%. Trading volume was 1.1 times average so far today.

Adobe Systems Incorporated (O:ADBE)

ISIN: US00724F1012

PermID: 4295905431

CIK: 796343

CUSIP: 00724F101

Source: www.BuySellSignals.com