APi Group saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 67 to 73.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating in the early stages of their moves. See if APi Group can continue to rebound and clear that threshold.
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While it's not currently an ideal time to buy shares, see if the stock goes on to form a consolidation and break out.
While EPS growth declined in the company's most recent quarterly report from 20% to 6%, sales grew 2%, up from -2% in the prior report.
APi Group earns the No. 6 rank among its peers in the Security/Safety industry group. Axon Enterprise, Byrna Technologies and Clear Secure are among the top 5 highly rated stocks within the group.
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