On Monday, Public Storage earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 73.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 as they begin their biggest price moves. See if Public Storage can continue to rebound and clear that threshold.
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Public Storage is building a flat base with a 369.99 entry. See if the stock can break out in heavy volume.
Public Storage posted -3% earnings growth in its most recent report, while sales growth came in at 4%.
Public Storage earns the No. 50 rank among its peers in the Finance-Property REITs industry group. CareTrust REIT, American Assets Trust and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
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