Significant variations in Apple’s (AAPL) relative strength across a number of reports in recent months highlights the importance of the SIA Rank feature in SIA Charts, which averages a stock’s ranking across several reports. For example, although Apple is still barely clinging to the Green Favored Zone in the SIA S&P 100 and SIA S&P 500 Index Reports, it has dropped into the Yellow Neutral Zone in the SIA NASDAQ 100 and SIA Russell 1000 Index Reports along with a number of technology sector reports giving it an overall SIA rank in the Yellow Neutral Zone.
Apple has been trending downward in the SIA NASDAQ 100 Index Report since July, and it is down 5.4% since exiting the green zone. Yesterday it finished in 47th position, down 7 spots in the last month.
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