In a welcome move, Elme Communities saw its Relative Strength Rating rise from 69 to 73 on Monday.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their largest price moves. See if Elme Communities can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Earnings growth moved up last quarter from -4% to 0%, but sales fell from 8% to 4%. Look for the next report on or around Apr. 23.
The company holds the No. 61 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas 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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