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IBD Rating Upgrades: Eastgroup Properties Flashes Improved Relative Price Strength

In a welcome move, Eastgroup Properties (EGP) saw its Relative Strength Rating rise from 70 to 73 on Monday.




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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating measures technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

History shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest runs. See if Eastgroup Properties can continue to show renewed price strength and hit that benchmark.


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Eastgroup Properties has risen more than 5% past a 153.36 entry in a first-stage flat base, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.

Eastgroup Properties posted 11% EPS growth last quarter. Revenue increased 11%.

Eastgroup Properties earns the No. 40 rank among its peers in the Finance-Property REITs industry group. Life Storage (LSI) and National Storage Affiliates Trust (NSA) are also among the group’s highest-rated stocks.

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