In a welcome move, Camden Property Trust saw its Relative Strength Rating rise from 69 to 72 on Wednesday.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their largest runs. See if Camden Property Trust can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Camden Property Trust is working on a flat base with a 127.69 buy point. See if the stock can break out in volume at least 40% above average.
Earnings growth increased last quarter from -5% to -1%, but sales fell from 0% to -1%.
The company earns the No. 83 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Healthcare REIT and Equinix are among the top 5 highly rated stocks within the group.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
