Credit: Shutterstock photoThe Relative Strength ( RS ) Rating for Equinix ( EQIX ) moved up into a higher percentile Friday, as it got a lift from 63 to 73.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating north of 80 as they begin their biggest price moves. See if Equinix can continue to show renewed price strength and hit that benchmark.
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Equinix is building a flat base with a 495.45 entry . See if it can clear the breakout price in heavy volume.
Earnings grew 26% last quarter, up from 14% in the prior report. Revenue also increased, from 18% to 25%.
The company holds the No. 43 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
