When putting together your watch list, focus on stocks with an 80 or higher RS Rating. SITE Centers (SITC) is one stock that just reached the mark, now earning a score of 81.
↑X NOW PLAYINGDo Your Stocks Meet This Key Standard? Here's Why Institutional Support Matters This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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SITE Centers is now considered extended and out of buy range after clearing a 14.41 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth moved up in the company's latest report from -10% to -7%, but sales fell from -10% to -12%. Keep an eye out for the company's next round of numbers on or around Jul. 30.
SITE Centers holds the No. 23 rank among its peers in the Finance-Property REITs industry group. Alexander's (ALX), Essential Prop Realty Tr (EPRT) and Terreno Realty (TRNO) are among the top 5 highly rated stocks within the group.
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