On Monday, Adtalem Global Education earned an upgrade to its Relative Strength (RS) Rating, from 90 to 93.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating at the beginning of a new climb.
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Adtalem Global Education is now considered extended and out of buy range after clearing an 80.18 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 39% last quarter, up from 33% in the prior report. Revenue also increased, from 12% to 13%.
Adtalem Global Education earns the No. 3 rank among its peers in the Consumer Services-Education industry group. Stride is the No. 1-ranked stock within the group.
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