US Nasdaq stock alert


Afternoon Alert: Apple decreases 0.2%, leads Computer integrated systems sector lower 22 May 2018 13:21 EDT


Apple Inc. (NASDAQ:AAPL) has decreased 0.2% to trade at $US187.30 vs. the Computer integrated systems sector which weakened 25.1 points (or 0.2%) to 14,129.3. Representing a weighting of about 99.6% of the sector, the stock accounted for 97.4% of today's loss. Trading volume was 75% of average so far today.

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

+ The 1.4% discount to 12-month high of $US190.06 against the 33.8% premium to 12-month low of $US140.02 suggests the climb might be peaking.

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


+ Year-on-Year Earnings Growth of 10.8% [16.7%]

+ Price/Earnings/Growth of 1.41 [1.1]

+ Return on Equity 36.1% [41.6%]

Bearish Signals:

+ Tobin's Q Ratio is 2.5. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

+ Revenue and Net Profit growth have shown signs of deterioration in recent quarters.


Bullish Signals:

The positive 4.47 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the NASDAQ market, the stock's relative price strength percentile is improving at 56 for 6 months, 61 for 3 months and 82 for 1 month.

In the last three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.

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.

Apple Inc. (O:AAPL)

ISIN: US0378331005

PermID: 4295905573

CIK: 320193

CUSIP: 037833100