US Nasdaq stock alert


Afternoon Alert: Apple increases 1.4%, leads Computer integrated systems sector higher 17 August 2018 13:21 EDT


Apple Inc. (NASDAQ:AAPL) has increased 1.4% to trade at $US216.34 vs. the Computer integrated systems sector which strengthened 220.5 points (or 1.4%) to 15,818.6. Representing a weighting of about 99.6% of the sector, the stock accounted for 100.0% of today's gain. The shares have outperformed 89% of the market in the past week. Trading volume was 1.8 times average so far today.

Current indications of bullish signals that support the trend in the unusual trading:

+ The positive 6.08 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the NASDAQ market, the stock's relative price strength percentile is rising at 81 for 6 months, 81 for 3 months and 90 for 1 month.

+ In the last one month the stock has hit a new 52-week high twelve times and in the last three months seventeen times, pointing to a significant uptrend.

Fundamental measures by comparison with the sector average [in brackets] indicate:


+ Price/Earnings/Growth of 1.74 [3.8]

+ Year-on-Year Earnings Growth of 10.8% [5.9%]

+ Price/Earnings of 19.5 [22.1]

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 3.8 is comfortably below the Joseph Piotroski benchmark of <5.

+ Return on Equity is positive and has seen consecutive rises in recent years.


Bearish Signals:

Tobin's Q Ratio is 2.8. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Net Profit margin is positive but falling in recent quarters.


The 0.6% discount to 12-month high of $US217.68 against the 47.2% premium to 12-month low of $US146.94 suggests the climb might be peaking.

Fundamental measures by comparison with the sector average [in brackets] indicate:


Return on Equity 36.1% [41.6%]

Apple Inc. (O:AAPL)

ISIN: US0378331005

PermID: 4295905573

CIK: 320193

CUSIP: 037833100