National Storage Affiliates Trust Hits 80-Plus Relative Strength Rating Benchmark

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On Tuesday, National Storage Affiliates Trust ( NSA ) hit an important technical milestone, with its Relative Strength ( RS ) Rating rising into the 80-plus percentile with an improvement to 81, an increase from 78 the day before.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary rating tracks price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.

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The stock, which is on the IPO Leaders list, has climbed more than 5% past a 25.22 entry in a first-stage cup with handle , meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Earnings growth moved up in the company's most recent report from 11% to 14%, but revenue fell from 36% to 30%.

The company earns the No. 40 rank among its peers in the Finance-Property REITs industry group. CoreSite Realty ( COR ), Terreno Realty ( TRNO ) and Cubesmart ( CUBE ) are among the top 5 highly rated stocks within the group.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: NSA , RS , COR , TRNO , CUBE

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