APi Group saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 73 to 81.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
Risk Management In The Stock Market: How Much Money To Invest Now
APi Group broke out earlier, but has fallen back below the prior 39.10 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the most recent pattern is a later-stage base, and those involve more risk.
Earnings growth dropped in the most recent report from 20% to 6%. But revenue gains moved higher, from -2% to 2%. Look for the next report on or around Feb. 26.
The company holds the No. 5 rank among its peers in the Security/Safety industry group. Byrna Technologies is the top-ranked stock within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
