On Monday, Agree Realty received an upgrade to its Relative Strength (RS) Rating, from 69 to 75.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Agree Realty can continue to rebound and clear that threshold.
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Agree Realty broke out earlier, but has fallen back below the prior 77.30 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
Agree Realty showed 3% earnings growth in its most recent report, while sales growth came in at 13%.
Agree Realty earns the No. 22 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Assets Trust and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
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