The Relative Strength (RS) Rating for Cousins Properties climbed into a new percentile Friday, with a rise from 80 to 83.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
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Cousins Properties is now considered extended and out of buy range after clearing a 25.19 buy point in a first-stage flat base. 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.
Top and bottom line growth moved higher last quarter. Earnings were up 3%, compared to 0% in the prior report. Revenue increased from 4% to 5%.
Cousins Properties earns the No. 81 rank among its peers in the Finance-Property REITs industry group. Equinix, Tanger and Strawberry Fields REIT are among the top 5 highly rated stocks within the group.
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