Apple Earns IBD Relative Strength Rating Upgrade, Hitting 70+

On Wednesday, Apple (AAPL) received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.

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

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

Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Apple can continue to rebound and hit that benchmark.

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On a MarketSmith weekly chart, Apple is in a buying range after breaking past a 145.19 entry in a consolidation. Once a stock moves 5% or higher beyond the original entry, it’s considered extended and out of buy range. Note the daily chart differs.

Apple posted 100% EPS growth in its most recent report. Sales gains came in at 36%.

The company earns the No. 1 rank among its peers in the Telecom-Consumer Products industry group.


Apple (AAPL) Stock Quotes, Company News And Chart Analysis

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