In a welcome move, Essex Property Trust saw its Relative Strength Rating rise from 65 to 72 on Tuesday.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Essex Property Trust can continue to rebound and hit that benchmark.
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Essex Property Trust is trying to complete a flat base with a 317.73 buy point. See if the stock can break out in volume at least 40% above average.
While earnings growth declined in the company's most recent quarterly report from 5% to 3%, sales rose 8%, up from 6% in the previous report.
Essex Property Trust holds the No. 32 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, COPT Defense Properties and Equinix are among the top 5 highly rated stocks within the group.
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