The Relative Strength (RS) Rating for Apple headed into a new percentile Tuesday, as it got a lift from 70 to 73.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Apple can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Apple broke out earlier, but is now trading around 4% below the prior 237.23 entry from a consolidation. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also understand that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
In terms of top and bottom line numbers, Apple has posted rising EPS growth over the last two quarters. Revenue growth has also moved higher over the same time frame.
The company holds the No. 4 rank among its peers in the Telecom-Consumer Products industry group. Motorola Solutions is the No. 1-ranked stock within the group.
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