On Tuesday, Brixmor Property Group got an upgrade to its Relative Strength (RS) Rating, from 78 to 83.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves.
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Brixmor Property Group broke out earlier, but has fallen back below the prior 28.45 entry from a flat base. 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 pattern to take shape. Also understand that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
The company posted 4% earnings growth in its most recent report. Sales increased 4%.
The company holds the No. 14 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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