Apple stock is nearing a new buy point of $153.27 according to technical analysts at IBD MarketSmith.
Scott Lehtonen for Investor’s Business Daily:
Apple stock is forming a new cup-with-handle base with a $153.27 buy point, according to IBD MarketSmith chart analysis. Shares rose 0.5% Friday and are just shy of the new buy point.
According to the IBD Stock Checkup, Apple stock shows an 87 out of a best-possible 99 IBD Composite Rating. The Composite Rating — an easy way to identify top growth stocks — is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.
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