Quantcast

Ryman Hospitality Properties Getting Closer To Key Technical Measure


Shutterstock photo

On Thursday, Ryman Hospitality Properties ( RHP ) received an upgrade to its Relative Strength ( RS ) Rating , from 68 to 73.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their biggest price moves. See if Ryman Hospitality Properties can continue to rebound and hit that benchmark.

Looking For Winning Stocks? Try This Simple Routine

Ryman Hospitality Properties has climbed more than 5% past a 68.07 entry in a first-stage flat base , meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Ryman Hospitality Properties posted negative growth for both the top and bottom lines last quarter.

Ryman Hospitality Properties holds the No. 9 rank among its peers in the Finance-Property REITs industry group. CoreSite Realty ( COR ), BRT Apartments ( BRT ) and Terreno Realty ( TRNO ) are among the top 5 highly rated stocks within the group.

RELATED:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



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: RHP , RS , COR , BRT , TRNO



More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing










Research Brokers before you trade

Want to trade FX?