On Friday, Digital Realty Trust got a positive adjustment to its Relative Strength (RS) Rating, from 66 to 72.
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IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Digital Realty Trust can continue to show renewed price strength and hit that benchmark.
Digital Realty Trust broke out earlier, but has fallen back below the prior 178.85 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also understand that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings grew 13% last quarter, up from 6% in the prior report. Revenue also increased, from 6% to 10%.
Digital Realty Trust earns the No. 58 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.
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