Apple Stock Sees Relative Strength Upgrade, But Still Under Key Technical Benchmark

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In a welcome move, Apple (AAPL) stock saw its Relative Strength Rating improve from 68 to 77 on Tuesday, but still under key technical benchmark of 80 or higher.

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

Factors Affecting Share Prices

This exclusive rating from Investor’s Business Daily measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

History reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if Apple can continue to rebound and clear that threshold.

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Is Apple Stock A Buy?

Apple stock has been trading below its 50- and 200-day moving averages in recent weeks. The iPhone maker is working on a consolidation with a 183.04 entry. See if the stock can clear the breakout price in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

The consumer products maker posted 9% earnings growth in its most recent report, while sales growth came in at 9%.

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