Empire State Realty Tr saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 68 to 74.
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 performance over the trailing 52 weeks compares to all 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 above 80 as they begin their biggest price moves. See if Empire State Realty Tr can continue to rebound and clear that threshold.
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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 manages to form a chart pattern and break out.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 4%, compared to -8% in the prior report. Revenue increased from -1% to 4%.
Empire State Realty Tr holds the No. 84 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essential Prop Realty Tr and Tanger are among the top 5 highly rated stocks within the group.
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