Equity Lifestyle Prprts (ELS) had its Relative Strength (RS) Rating upgraded from 61 to 74 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating identifies market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Equity Lifestyle Prprts can continue to rebound and clear that threshold.
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While the stock is not near a proper buy zone right now, see if it manages to form and break out of a proper consolidation.
Earnings growth fell last quarter from 3% to 1%, but the top line rose from 1% to 2%.
Equity Lifestyle Prprts earns the No. 10 rank among its peers in the Finance-Property REITs industry group. Amer Homes 4 Rent Cl A (AMH) and CareTrust REIT (CTRE) are also among the group’s highest-rated stocks.
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