On Tuesday, Kimco Realty got an upgrade to its Relative Strength (RS) Rating, from 79 to 83.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest price moves.
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Kimco Realty is now considered extended and out of buy range after clearing a 21.91 buy point in a first-stage saucer with 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.
Earnings grew 8% last quarter, up from 5% in the prior report. Revenue also increased, from 13% to 14%.
Kimco Realty earns the No. 32 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.
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