COPT Defense Properties had its Relative Strength (RS) Rating upgraded from 66 to 72 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if COPT Defense Properties can continue to rebound and clear that threshold.
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COPT Defense Properties is working on a consolidation with a 34.22 entry. See if it can break out in heavy volume.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 7% to 8%. Revenue rose from 11% to 12%. Look for the next report on or around Feb. 6.
COPT Defense Properties holds the No. 19 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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