Agree Realty had its Relative Strength (RS) Rating upgraded from 66 to 77 Tuesday — a welcome improvement, but still below the 80 or higher score you look for.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves. See if Agree Realty can continue to rebound and hit that benchmark.
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Agree Realty is trying to complete a cup without handle with a 78.39 buy point. See if it can break out in volume at least 40% above average.
The company posted 3% EPS growth in its most recent report, while sales growth came in at 13%. Keep an eye out for the company's next round of numbers on or around Feb. 11.
The company earns the No. 12 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Curbline Properties and Prologis are among the top 5 highly rated stocks within the group.
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