Tanger had its Relative Strength (RS) Rating upgraded from 66 to 76 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Tanger can continue to show renewed price strength and clear that threshold.
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Tanger is trying to complete a flat base with a 37.57 buy point. See if the stock can break out in volume at least 40% higher than normal. Be aware that it's a third-stage base. Later-stage patterns can work, but have a greater failure rate since, by that point, the stock has already made a significant run..
Tanger posted 8% earnings growth in the latest quarterly report. Sales rose 13%. The company is expected to report its latest results on or around Feb. 19.
Tanger earns the No. 21 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Curbline Properties and Prologis are among the top 5 highly rated stocks within the group.
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