Douglas Emmett had its Relative Strength (RS) Rating upgraded from 76 to 83 Monday.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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Douglas Emmett is building a consolidation with a 20.50 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted negative growth for both the top and bottom lines last quarter.
The company holds the No. 54 rank among its peers in the Finance-Property REITs industry group. Essex Property Trust, Strawberry Fields REIT and First Indl Realty Trust 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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