In a welcome move, Equity Residential saw its Relative Strength Rating rise from 63 to 71 on Wednesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History reveals that the best stocks tend to have an RS Rating of at least 80 as they launch their biggest runs. See if Equity Residential can continue to rebound and clear that threshold.
Equity Residential is trying to complete a consolidation with a 78.32 entry. See if the stock can break out in volume at least 40% above average.
Earnings growth increased last quarter from 0% to 2%. But sales fell from 5% to 4%.
The company holds the No. 38 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower and Ventas 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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