In a welcome move, Alexandria RE Equities saw its Relative Strength Rating improve from 68 to 72 on Wednesday.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.

Decades of market research shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves. See if Alexandria RE Equities can continue to rebound and hit that benchmark.

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Alexandria RE Equities has moved more than 5% past a 174.43 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings grew 7% last quarter, up from 5% in the prior report. Revenue also increased, from 9% to 17%.

Alexandria RE Equities earns the No. 13 rank among its peers in the Finance-Property REITs industry group. Power REIT and Extra Space Storage are also among the group's highest-rated stocks.