In a welcome move, Tanger saw its Relative Strength Rating improve from 67 to 75 on Thursday.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of above 80 as they begin their largest climbs. See if Tanger can continue to rebound and clear that threshold.
Tanger is not currently near a potential buy zone. See if the stock goes on to build a promising consolidation that could kick off a new climb.
Tanger reported 2% earnings growth last quarter, while sales growth came in at 10%.
The company holds the No. 15 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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