On Tuesday, Apple received an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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While now is not an ideal time to buy shares, see if the stock manages to establish and enter a buying range in heavy volume.
In terms of revenue and profits, Apple has posted two quarters of accelerating earnings growth. Revenue gains have also moved higher during the same period.
The company earns the No. 1 rank among its peers in the Telecom-Consumer Products industry group. Ooma and Motorola Solutions are also among the group's highest-rated stocks.
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