The Relative Strength (RS) Rating for JBG SMITH Properties entered a new percentile Thursday, with a rise from 78 to 81.
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This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
JBG SMITH Properties is trading within a buy range after breaking past an 18.66 entry in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
The company posted negative growth for both sales and earnings last quarter. JBG SMITH Properties is expected to report its next quarterly numbers on or around Jul. 29.
The company holds the No. 87 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower 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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