One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Acadia Realty Trust just hit that mark, with a jump from 78 to 81 Wednesday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Acadia Realty Trust is working on a consolidation with a 26.29 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth dropped in the most recent quarter from 19% to 14%. But revenue gains moved higher, from 8% to 9%.
The company earns the No. 60 rank among its peers in the Finance-Property REITs industry group. Curbline Properties, Strawberry Fields REIT and Essex Property Trust are among the top 5 highly rated stocks within the group.
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