SL Green Realty had its Relative Strength (RS) Rating upgraded from 63 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or better RS Rating as they launch their biggest climbs. See if SL Green Realty can continue to rebound and clear that threshold.
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While the stock is not near a proper buying range right now, see if it manages to form and break out of a proper chart pattern.
SL Green Realty saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -11% to 151%. Revenue rose from 9% to 16%.
The company holds the No. 70 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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