PotlatchDeltic saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 77 to 81.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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PotlatchDeltic is trying to complete a consolidation with a 50.04 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 0%, compared to -71% in the prior report. Revenue increased from -4% to 1%.
The company holds the No. 48 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Essex Property Trust and Omega Hlthcare Investors 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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