One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Avalonbay Communities just hit that mark, with a jump from 78 to 81 Tuesday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest runs.
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Avalonbay Communities is building a cup without handle with a 239.29 buy point. See if the stock can break out in volume at least 40% higher than normal.
Avalonbay Communities reported 2% EPS growth in its most recent report, while sales growth came in at 5%.
The company earns the No. 19 rank among its peers in the Finance-Property REITs industry group. Welltower, Essex Property Trust and Curbline Properties are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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