The Relative Strength (RS) Rating for Simon Property Group climbed into a new percentile Thursday before the market open, as it got a lift from 66 to 74. While it gapped up on open, it has since fallen below yesterday's close.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating of above 80 as they launch their largest runs. See if Simon Property Group can continue to rebound and clear that threshold.
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While Simon Property Group is not near an ideal buy zone right now, it has cleared key moving averages. See if it manages to form and break out of a proper chart pattern.
The company showed -6% earnings growth in its most recent report. Revenue gains came in at 1%.
Simon Property Group holds the No. 69 rank among its peers in the Finance-Property REITs industry group. Alpine Income Property and Gaming & Leisure Prop are also among the group's highest-rated stocks.
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