Market

Innovative Industrial Properties Meets 80-Plus RS Rating Benchmark

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Innovative Industrial Properties (IIPR) cleared that benchmark Tuesday, with a jump from 78 to 81 Tuesday.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the last 52 weeks matches up against that of all other stocks.

Over 100 years of market history reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.


Looking For Winning Stocks? Try This Simple Routine


The IBD 50 stock is trying to complete a consolidation with a 222.18 entry. See if it can break out in volume at least 40% higher than normal.

Earnings growth increased last quarter from 9% to 31%. But sales fell from 110% to 103%. The company is expected to report its latest results on or around Aug. 5.

Innovative Industrial Properties earns the No. 1 rank among its peers in the Finance-Property REITs industry group.

YOU MIGHT ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders

 

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button