In a welcome move, Realty Income saw its Relative Strength Rating improve from 67 to 71 on Tuesday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an 80 or higher RS Rating as they launch their biggest runs. See if Realty Income can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buying range in heavy trade.
While the company's top line growth fell last quarter from 33% to 31%, the bottom line grew 6%, up from 5% in the prior report. Look for the next report on or around Nov. 4.
Realty Income holds the No. 58 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Urban Edge Properties and American Healthcare REIT are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
