Apple Inc (AAPL)

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FROM IBD
Exclusive Apple Stock Ratings

Since the bounce back from the lows of the coronavirus stock market crash, Apple stock has been outperforming the broader market.

AAPL stock has an IBD Relative Strength Rating of 84 out of 99. That puts it in the top 16% of stocks over the past 12 months.

Apple stock has an IBD Composite Rating of 85 out of 99, according to the IBD Stock Checkup tool. IBD's Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

In August 2018, Apple became the first company to reach a market value of over $1 trillion. Since it hit that milestone, Microsoft (MSFT), Amazon.com (AMZN) and Google-parent Alphabet (GOOGL) have joined it in the trillion-dollar club.

Apple stock was the first to gain a market value of over $1.5 trillion in early June. Amazon and Microsoft have since followed.

On Aug. 19, AAPL stock became the first to reach a market cap of $2 trillion. Longtime Apple analyst Gene Munster, managing partner at Loup Ventures, said Apple stock could reach a $3 trillion market cap sometime this decade.
AAPL Stock Technical Analysis

On April 29, Apple stock broke out of a second-stage cup-with-handle base at a split-adjusted buy point of 72.16, according to IBD MarketSmith charts.

The Dow Jones tech giant later passed a secondary buy point of 80.02 from a cup-with-handle base visible on a weekly MarketSmith chart. IBD Leaderboard analysis provided several additional buy points during its ascent.

On Sept. 2, Apple stock notched a record high of 137.98 on a split-adjusted basis in intraday trading. However, it ended the day down 2.1% amid a sell-off in technology stocks. AAPL stock closed the regular session on Nov. 25 at 116.03.
Is Apple Stock A Buy Right Now?

Apple stock is not a buy right now, but it soon could be.

AAPL stock has been consolidating for the past 13 weeks with a buy point of 138.08, according to IBD MarketSmith charts. In a positive sign, Apple stock recently rose above its 50-day moving average line. It found support at that key level during recent tech stock sell-off.