On Monday, Regency Centers stock hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 81, an increase from 65 the day before.
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest climbs.
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Is Regency Centers Stock A Buy?
Regency Centers stock is within a buy range after moving past a 66.98 entry in a saucer with handle, but tread cautiously as the market is currently in a selloff mode. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
The shopping center operator posted 6% earnings growth in the latest quarterly report. Sales increased 14%.
Regency Centers stock earns the No. 12 rank among its peers in the Finance-Property REITs industry group. Alexander's, CareTrust REIT and Healthpeak Properties are among the top 5 highly rated stocks within the group.
