Extra Space Storage stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 79 to 82.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves.
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Is Extra Space Storage Stock A Buy?
Extra Space Storage stock has risen more than 5% past a 160.99 entry in a first-stage cup with handle, meaning it's extended and now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The storage facilities operator reported -3% earnings growth in its most recent report, while sales growth came in at 59%. The next quarterly numbers are expected on or around Jul. 30.
Extra Space Storage stock earns the No. 15 rank among its peers in the Finance-Property REITs industry group. Essential Prop Realty Tr, Alexander's and Natl Storage Affiliates are among the top 5 highly rated stocks within the group.
