On Friday, American Tower REIT received an upgrade to its Relative Strength (RS) Rating, from 77 to 83.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their biggest runs.
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American Tower REIT broke out earlier, but has fallen back below the prior 217.31 entry from a cup with handle. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings grew 10% last quarter, up from 3% in the prior report. Revenue also increased, from 0% to 4%. Keep an eye out for the company's next round of numbers on or around Apr. 23.
American Tower REIT earns the No. 15 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essex Property Trust and Curbline Properties 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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