American Tower REIT saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 85 to 91.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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American Tower REIT has moved more than 5% past a 217.31 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 10% last quarter, up from 3% in the prior report. Revenue also increased, from 0% to 4%. Look for the next report on or around Apr. 29.
The company earns the No. 14 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Curbline Properties and Omega Hlthcare Investors are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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