In a welcome move, APi Group stock saw its Relative Strength Rating rise from 63 to 73 on Friday.
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This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best-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.
APi Group stock recently reclaimed its 50-day moving average and is working on a consolidation with a 41.31 entry. See if the stock can clear the breakout price in heavy volume. Proceed with caution as IBD recommends 20%-40% stock exposure in this market conditions.
The safety and security services provider saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 6% to 16%. Revenue rose from 2% to 6%. The next quarterly numbers are expected on or around May 1.
APi Group stock 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.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
