The Relative Strength (RS) Rating for Equity Residential moved up into a new percentile Monday, as it got a lift from 70 to 77.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if Equity Residential can continue to rebound and clear that threshold.
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Equity Residential is building a flat base with a 68.55 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Equity Residential reported 7% EPS growth in the latest quarterly report. Sales gains came in at 4%. The company is expected to report its latest numbers on or around Jul. 23.
The company holds the No. 12 rank among its peers in the Finance-Property REITs industry group. Essential Prop Realty Tr, Alexander's and Camden Property Trust are among the top 5 highly rated stocks within the group.
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