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Investors Business Daily
Investors Business Daily
Technology
INVESTOR'S BUSINESS DAILY and JULIE MAK

Apple Stock Shows Rising Relative Strength; Still Shy Of Key Threshold

On Monday, Apple stock earned an upgrade to its Relative Strength (RS) Rating, from 70 to 73.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they launch their largest climbs. See if Apple stock can continue to rebound and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

Is Apple Stock A Buy?

Apple is working on a narrow consolidation with a 183.04 entry. See if it can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

 

The iPhone maker reported negative growth for both the top and bottom lines last quarter.

Apple stock earns the No. 2 rank among its peers in the Telecom-Consumer Products industry group. Apple and VOXX International are also among the group's highest-rated stocks.

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