Cubesmart ( CUBE ) saw a positive improvement to its Relative Strength ( RS ) Rating on Tuesday, with an increase from 68 to 77.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves. See if Cubesmart can continue to show renewed price strength and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Cubesmart has climbed more than 5% past a 27.10 entry in a first-stage cup with handle , 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 line.
Earnings growth rose in the company's most recent report from 8% to 11%, but the top line fell from 10% to 9%.
Cubesmart holds the No. 3 rank among its peers in the Finance-Property REITs industry group. CoreSite Realty ( COR ) is the top-ranked stock within the group.
RELATED:
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
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.
