On Thursday, Adtalem Global Education cleared an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their largest runs.
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Adtalem Global Education has risen more than 5% past an 80.18 entry in a first-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Adtalem Global Education saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 33% to 39%. Revenue rose from 12% to 13%.
The company holds the No. 2 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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