Regency Centers had its Relative Strength (RS) Rating upgraded from 70 to 74 Wednesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest climbs. See if Regency Centers can continue to rebound and hit that benchmark.
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Regency Centers is building a flat base with a 75.26 buy point. See if it can clear the breakout price in volume at least 40% above average.
Regency Centers reported 6% EPS growth last quarter. Sales increased 9%.
Regency Centers holds the No. 16 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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