The Relative Strength (RS) Rating for Extra Space Storage moved up into a higher percentile Friday, as it got a lift from 68 to 71.
IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest price moves. See if Extra Space Storage can continue to rebound and clear that threshold.
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Extra Space Storage is trying to complete a cup without handle with a 184.87 entry. See if it can break out in heavy trading.
Earnings growth increased last quarter from 0% to 2%. But sales fell from 59% to 10%.
Extra Space Storage earns the No. 59 rank among its peers in the Finance-Property REITs industry group. Equinix, Strawberry Fields REIT and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
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