In a welcome move, Essential Prop Realty Tr saw its Relative Strength Rating improve from 69 to 77 on Friday.
Can You Really Time The Stock Market?
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Essential Prop Realty Tr can continue to show renewed price strength and clear that threshold.
Essential Prop Realty Tr is trying to complete a consolidation with a 34.88 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
The company posted 7% EPS growth last quarter, while sales growth came in at 25%.
The company holds the No. 5 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT is the No. 1-ranked stock 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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