Outfront Media had its Relative Strength (RS) Rating upgraded from 88 to 91 Wednesday.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Outfront Media is now considered extended and out of buy range after clearing a 17.02 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Outfront Media posted 4% earnings growth in the latest quarterly report, while sales growth came in at -1%.
The company earns the No. 20 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essential Prop Realty Tr and Tanger are among the top 5 highly rated stocks within the group.
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