When building your watch list, focus on stocks with an 80 or higher RS Rating. Crown Castle just met that criteria with a new score of 81.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their biggest runs.
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Crown Castle is working on a consolidation with a 120.92 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Crown Castle reported negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Apr. 30.
The company earns the No. 94 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Omega Hlthcare Investors and Ventas 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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