On Wednesday, EastGroup Properties earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best stocks typically have an RS Rating of over 80 as they launch their largest climbs. See if EastGroup Properties can continue to show renewed price strength and hit that benchmark.
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EastGroup Properties is trying to complete a consolidation with a 192.61 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company showed 6% EPS growth in the latest quarterly report. Revenue increased 10%.
The company earns the No. 20 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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