The Relative Strength (RS) Rating for Alexander's jumped into a new percentile Friday, with an increase from 80 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of over 80 as they begin their biggest runs.
Alexander's is now considered extended and out of buy range after clearing a 234.07 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Taking a look at top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Revenue gains have been less impressive, coming in at -11% last quarter. Alexander's is expected to report its next quarterly numbers on or around Aug. 4.
The company earns the No. 49 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower and NetSTREIT 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!
