On Tuesday, Simon Property Group received a positive adjustment to its Relative Strength (RS) Rating, from 62 to 74.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Simon Property Group can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
While now is not an ideal time to jump in, see if the stock goes on to establish and enter a buying range in heavy trade.
Earnings growth picked up last quarter from -11% to 0%. But revenue gains fell from 5% to 4%.
The company holds the No. 55 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
