Crown Castle saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 76 to 83.
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This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the top-performing stocks often have an RS Rating north of 80 as they begin their biggest price moves.
Crown Castle is building a consolidation with a 120.92 buy point. See if the stock can break out in heavy trading.
The company reported negative growth for both the top and bottom lines last quarter. Crown Castle is expected to release its next quarterly numbers on or around Apr. 30.
The company holds the No. 90 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Welltower 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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