In a welcome move, Phillips Edison saw its Relative Strength Rating rise from 67 to 72 on Monday.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs. See if Phillips Edison can continue to rebound and clear that threshold.
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Phillips Edison broke out earlier, but has fallen back below the prior 39.08 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
While the company's bottom line growth decreased in the prior quarter from 0% to -10%, sales rose 9%, up from 6% in the previous report.
The company holds the No. 16 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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