On Monday, Equity Residential got an upgrade to its Relative Strength (RS) Rating, from 69 to 72.
This exclusive rating from Investor's Business Daily measures share price action 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.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Equity Residential can continue to show renewed price strength and hit that benchmark.
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Equity Residential is working on a flat base with a 78.32 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth decreased last quarter from 2% to 0%. But sales moved higher, from 3% to 5%. Look for the next report on or around Apr. 29.
Equity Residential holds the No. 54 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essex Property Trust and Curbline Properties are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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