Rayonier REIT Shows Rising Relative Price Performance; Still Shy Of Key Threshold
Rayonier REIT saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 67 to 72.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
History shows that the best stocks tend to have an 80 or higher RS Rating as they begin their largest runs. See if Rayonier REIT can continue to rebound and hit that benchmark.
Rayonier REIT is building a flat base with a 39.08 buy point. See if the stock can break out in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 100%, compared to 0% in the prior report. Revenue increased from -26% to 49%.
The company holds the No. 34 rank among its peers in the Finance-Property REITs industry group. National Storage Affiliates Trust and Power REIT are also among the group's highest-rated stocks.