Equity Residential saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 71.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating as they begin their largest price moves. See if Equity Residential can continue to rebound and clear that threshold.
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Equity Residential is working on a double bottom with a 78.32 buy point. See if it can clear the breakout price in heavy trading.
Earnings growth decreased in the company's most recent report from 2% to 0%, but revenue rose from 3% to 5%.
The company earns the No. 50 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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