“This week, Reuters Select Top Down Company Focus articles examine Technology companies. Today, we look at a firm in the Computer Hardware industry that is updating its existing products and introducing new ones to much fanfare. Apple Computer, Inc. (AAPL.O) recently came to light on two Reuters Select Growth screens: Relative Momentum and Rising Expectations,” Reuters reports.
“One factor that is necessary in order for a company to appear on both the Relative Momentum and Rising Expectations screens is that of stock-price appreciation. More specifically, the stock must have climbed during the last four and 52 weeks, and outperformed its respective Industry by more than 50% over those periods. We know that AAPL has hit this mark, but exactly how well has the stock done of late? If we just take a quick glance at a chart of AAPL, we see that the issue has been in a steady upswing for the last 12 months, rising from about $20 to its current level just north of $55,” Reuters reports.
Full article, with much more, here.