On Thursday, APi Group got a positive adjustment to its Relative Strength (RS) Rating, from 63 to 79.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if APi Group can continue to show renewed price strength and hit that benchmark.
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APi Group is trading within a buy zone after climbing above a 39.10 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
EPS growth dropped in the company's most recent report from 20% to 6%, but sales rose from -2% to 2%. The company is expected to report its latest performance numbers on or around Feb. 26.
APi Group earns the No. 6 rank among its peers in the Security/Safety industry group. Axon Enterprise, Byrna Technologies and Ituran Location & Ctrl are among the top 5 highly rated stocks within the group.
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