On Wednesday, Digital Realty Trust stock received an upgrade to its Relative Strength (RS) Rating, from 67 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Digital Realty Trust stock can continue to show renewed price strength and clear that threshold.
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Is Digital Realty Trust Stock A Buy?
Digital Realty Trust stock is now considered extended and out of buy range after clearing a 108.85 buy point in a first-stage cup with handle. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The REIT firm reported -1% earnings growth in its most recent report. Sales increased 19%. The company is expected to report its latest numbers on or around Jul. 27.
Digital Realty Trust stock holds the No. 20 rank among its peers in the Finance-Property REITs industry group. Ryman Hospitality Prop and Amer Homes 4 Rent Cl A are also among the group's highest-rated stocks.
