Apple may not support flash on its iPhone and iPad, but that does not seem to bother Adobe (ADBE) shareholders. Adobe lagged Apple throughout 2012, but may be having the last laugh as it starts to outperform. Apple is up less than 5% over the last 12 months, while Adobe is up over 22%.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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