The Relative Strength (RS) Rating for Equinix jumped into a higher percentile Thursday, as it got a lift from 70 to 74.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs. See if Equinix can continue to rebound and clear that threshold.
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Equinix has risen more than 5% past an 843.27 entry in a first-stage cup 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.
Equinix reported 11% EPS growth in the latest quarterly report. Sales gains came in at 7%.
The company earns the No. 1 rank among its peers in the Finance-Property REITs industry group. American Assets Trust and Tanger are also among the group's highest-rated stocks.
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