In a welcome move, Healthcare Realty Trust saw its Relative Strength Rating improve from 66 to 76 on Wednesday.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves. See if Healthcare Realty Trust can continue to rebound and clear that threshold.
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Healthcare Realty Trust is building a flat base with an 18.90 entry. See if the stock can break out in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from -6% to -8%, EPS grew 0%, up from -3% in the prior report.
The company holds the No. 129 rank among its peers in the Finance-Property REITs industry group. Essential Prop Realty Tr, Equinix and American Assets Trust are among the top 5 highly rated stocks within the group.
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