Agree Realty had its Relative Strength (RS) Rating upgraded from 68 to 71 Tuesday — a welcome improvement, but still shy of the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Agree Realty can continue to rebound and clear that threshold.
Agree Realty is trying to complete a flat base with a 79.65 entry. See if it can clear the breakout price in heavy volume.
While EPS growth declined in the company's most recent quarterly report from 4% to 3%, sales rose 13%, up from 11% in the previous report.
The company holds the No. 46 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Postal Realty Trust Cl A and Welltower 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:
IBD Stock Rating Upgrades: Rising Relative Strength
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!
