The Relative Strength (RS) Rating for Highwoods Properties climbed into a higher percentile Monday, as it got a lift from 69 to 73.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Highwoods Properties can continue to rebound and hit that benchmark.
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Highwoods Properties is now considered extended and out of buy range after clearing a 28.45 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company posted negative growth for both the top and bottom lines last quarter.
Highwoods Properties earns the No. 83 rank among its peers in the Finance-Property REITs industry group. Equinix, American Assets Trust and CBL & Assocs Properties are among the top 5 highly rated stocks within the group.
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