Regency Centers had its Relative Strength (RS) Rating upgraded from 65 to 72 Tuesday — a welcome improvement, but still below the 80 or better score you look for.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Regency Centers can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Regency Centers is trying to complete a flat base with a 75.26 entry. See if it can break out in heavy trade.
The company posted 6% earnings growth last quarter, while sales growth came in at 9%.
Regency Centers holds the No. 20 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, COPT Defense Properties and Equinix are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
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!
