Apple stock had its Relative Strength (RS) Rating upgraded from 70 to 77 Thursday — a welcome improvement, but still short of the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily measures share price performance 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.
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. See if Apple stock can continue to rebound and clear that threshold.
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Is Apple Stock A Buy?
Apple stock reclaimed its 50-day moving average and is trying to complete a consolidation with a 237.23 buy point. See if the tech stock can clear the breakout price in heavy volume.
The iPhone maker saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 11%. Revenue rose from -4% to 5%.
Apple stock earns the No. 4 rank among its peers in the Telecom-Consumer Products industry group. BK Technologies is the top-ranked stock within the group.
