In a welcome move, Essex Property Trust stock saw its Relative Strength Rating improve from 67 to 73 on Monday.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Essex Property Trust stock can continue to show renewed price strength and hit that benchmark.
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Is Essex Property Trust Stock A Buy?
Essex Property Trust stock is working on a cup with handle with a 300.34 buy point. See if the financial REIT stock can clear the breakout price in volume at least 40% above average.
The financial REIT company reported 2% earnings growth last quarter. Sales rose 8%.
Essex Property Trust stock earns the No. 3 rank among its peers in the Finance-Property REITs industry group. Curbline Properties is the No. 1-ranked stock within the group.
