On Tuesday, Regency Centers reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.
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Regency Centers is trying to complete a flat base with a 76.53 entry. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth picked up last quarter from 6% to 7%. But sales fell from 9% to 4%.
The company earns the No. 15 rank among its peers in the Finance-Property REITs industry group. Curbline Properties, Essex Property Trust and Ventas are among the top 5 highly rated stocks within the group.
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