The Relative Strength (RS) Rating for Equity Lifestyle Prprts (ELS) entered a higher percentile Thursday, as it got a lift from 68 to 74.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the market’s biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if Equity Lifestyle Prprts can continue to rebound and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
While earnings-per-share growth fell in the company’s most recently reported quarter from 3% to 1%, sales grew 2%, up from 1% in the prior report.
Equity Lifestyle Prprts holds the No. 12 rank among its peers in the Finance-Property REITs industry group. Tanger (SKT) and Amer Homes 4 Rent Cl A (AMH) are also among the group’s highest-rated stocks.
YOU MAY ALSO LIKE:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD’s Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Find Top Stocks Near A Buy Point With IBD Leaderboard