On Tuesday, Essex Property Trust received a positive adjustment to its Relative Strength (RS) Rating, from 69 to 74.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs. See if Essex Property Trust can continue to rebound and clear that threshold.
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Essex Property Trust is trying to complete a consolidation with a 316.29 entry. See if the stock can break out in volume at least 40% above average.
Essex Property Trust showed 2% EPS growth last quarter. Revenue rose 8%. The company is expected to report its latest numbers on or around Apr. 29.
The company earns the No. 10 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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