Natl Storage Affiliates had its Relative Strength (RS) Rating upgraded from 68 to 71 Tuesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Natl Storage Affiliates can continue to show renewed price strength and clear that threshold.
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While now is not an ideal time to invest, see if the stock goes on to establish and enter a buy zone in heavy trade.
In terms of fundamental health, the company has posted two quarters of accelerating earnings growth. Sales gains have been less impressive, coming in at -12% last quarter.
The company holds the No. 55 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, Essential Prop Realty Tr and Tanger are among the top 5 highly rated stocks within the group.
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