On Thursday, Kimco Realty got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 82.
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
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Kimco Realty has moved more than 5% past a 21.91 entry in a first-stage saucer with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 5% last quarter, up from 0% in the prior report. Revenue also increased, from 13% to 14%.
Kimco Realty holds the No. 64 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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