The Relative Strength (RS) Rating for Public Storage climbed into a new percentile Thursday, with an increase from 80 to 84.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their biggest climbs.
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While the stock is not near an ideal buy point right now, see if it manages to form and break out of a proper consolidation.
The company reported -3% EPS growth in its most recent report. Sales gains came in at 4%.
Public Storage holds the No. 30 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Healthcare REIT and COPT Defense Properties are among the top 5 highly rated stocks within the group.
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