Highwoods Properties had its Relative Strength (RS) Rating upgraded from 68 to 74 Wednesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
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IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Highwoods Properties can continue to show renewed price strength and clear that threshold.
Highwoods Properties is building a cup without handle with a 36.78 buy point. See if the stock can clear the breakout price in heavy trade.
Earnings growth increased last quarter from -14% to -7%. But sales fell from -1% to -5%.
The company holds the No. 41 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Farmland Partners and Postal Realty Trust Cl A 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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