On Monday, Rexford Industrial Realty ( REXR ) hit an important technical milestone, with its Relative Strength ( RS ) Rating jumping into the 80-plus percentile with an improvement to 82, an increase from 78 the day before.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest runs.
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Rexford Industrial Realty is within a buy range after breaking past a 30.76 buy point in a flat base . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
Rexford Industrial Realty saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 14%. Revenue rose from 20% to 30%.
Rexford Industrial Realty earns the No. 40 rank among its peers in the Finance-Property REITs industry group. CoreSite Realty ( COR ), Terreno Realty ( TRNO ) and Equity Lifestyle Properties ( ELS ) 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.
