Credit: Shutterstock photoOn Thursday, Digital Realty Trust ( DLR ) earned an upgrade to its Relative Strength ( RS ) Rating , from 68 to 71.
[ibd-display-video id=449419 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if Digital Realty Trust can continue to show renewed price strength and clear that threshold.
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Digital Realty Trust broke out earlier, but is now trading about 4% below the prior 121.63 entry from a cup without handle . If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the latest consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Earnings grew 8% last quarter, up from 7% in the prior report. Revenue also increased, from 9% to 10%. Keep an eye out for the company's next round of numbers on or around Oct. 27.
The company earns the No. 16 rank among its peers in the Finance-Property REITs industry group. CoreSite Realty ( COR ), Terreno Realty ( TRNO ) and Potlatch ( PCH ) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
