Equinix had its Relative Strength (RS) Rating upgraded from 63 to 73 Tuesday — a welcome improvement, but still short of the 80 or higher score you look for.
IBD's unique RS Rating identifies 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 market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Equinix can continue to rebound and clear that threshold.
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Equinix is working on a flat base with a 994.03 entry. See if it can break out in heavy trading.
The company posted 8% EPS growth in its most recent report. Sales rose 7%.
Equinix holds the No. 69 rank among its peers in the Finance-Property REITs industry group. Welltower, Essex Property Trust and Curbline Properties 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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