In a welcome move, Alexander's saw its Relative Strength Rating rise from 70 to 74 on Tuesday.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Alexander's can continue to show renewed price strength and hit that benchmark.
Alexander's is within a buy range after clearing a 234.07 entry in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
Regarding fundamentals, Alexander's has posted two quarters of rising earnings growth. Revenue growth has been less impressive, coming in at -11% last quarter. Alexander's is expected to release its next quarterly numbers on or around Aug. 4.
The company holds the No. 63 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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