In a welcome move, Apple saw its Relative Strength Rating improve from 66 to 76 on Tuesday.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their largest climbs. See if Apple can continue to show renewed price strength and clear that threshold.
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Apple is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could spark a new run.
In terms of top and bottom line numbers, Apple has posted two quarters of increasing earnings growth. Sales growth has also increased over the same time frame. The company is expected to release its next quarterly numbers on or around Jan. 30.
The company holds the No. 3 rank among its peers in the Telecom-Consumer Products industry group. Ooma is the No. 1-ranked stock within the group.
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