NEW YORK (TheStreet) -- Shares of Adobe Systems (ADBE) - Get Report were falling in early-afternoon trading on Wednesday.

The San Jose, CA-based software company reported higher-than-expected results for the fiscal 2016 third quarter last month and issued an upbeat fourth quarter earnings outlook.

TheStreet'sChris Versace and Bob Lang of Trifecta Stocks have identified Adobe as the "Chart of the Week." Here is what Versace and Lang had to say about the company:

Adobe is one of the largest tech companies around. Its flash technology along with cloud is some of the finest offered in the space.

Like most survivors of the era, Adobe has transformed itself to a company to meet the needs of the 21st century: speed, information, ease with a low-cost bias. From the looks of it, it has been right on the mark.

The stock has performed admirably against its peers. It managed to hit a new all-time high on Monday with some good volume to boot.

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After bottoming in June around Brexit, Adobe has put on a marvelous performance, notching higher highs, higher lows along the way.

The gap higher in September was massive on great turnover, and recent "bull retests" (arrows) show this stock is tough to get on board. We always say the best trends are the toughest to ride onto, and this is the case here.

However, the run may not be over. We could see this move up again with some follow- through, no doubt toward the $120 area now before stalling out.

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Chris Versace and Bob Lang "Chart of the Week: Adobe" originally published on 10/26/16 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now here.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of A-.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full analysis from the report here: ADBE