Agree Realty saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 66 to 72.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating as they begin their largest climbs. See if Agree Realty can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Agree Realty is trying to complete a flat base with a 78.39 buy point. See if it can clear the breakout price in heavy trading.
The company posted 3% earnings growth in the latest quarterly report. Sales rose 13%. The company is expected to report its latest performance numbers on or around Feb. 11.
Agree Realty holds the No. 17 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, American Healthcare REIT and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
