In a welcome move, SL Green Realty saw its Relative Strength Rating rise from 62 to 72 on Wednesday.
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This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their largest runs. See if SL Green Realty can continue to show renewed price strength and clear that threshold.
SL Green Realty is trying to complete a cup without handle with an 82.81 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth slowed in the most recent report from 151% to -54%. But sales moved higher, from 16% to 28%.
SL Green Realty earns 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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