Elme Communities had its Relative Strength (RS) Rating upgraded from 66 to 71 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an 80 or higher RS Rating as they launch their largest climbs. See if Elme Communities can continue to rebound and clear that threshold.
Elme Communities is working on a consolidation with an 18.49 entry. See if it can clear the breakout price in volume at least 40% above average.
While revenue growth fell last quarter from 8% to 4%, EPS grew 0%, up from -4% in the previous report. Look for the next report on or around May 1.
Elme Communities holds the No. 61 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Invitation Homes 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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