Avalonbay Communities saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 69 to 76.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves. See if Avalonbay Communities can continue to rebound and hit that benchmark.
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Avalonbay Communities is building a flat base with a 239.29 buy point. See if the stock can clear the breakout price in heavy trade.
Avalonbay Communities posted 3% earnings growth last quarter. Revenue increased 5%. The next quarterly results are expected on or around Feb. 5.
Avalonbay Communities holds the No. 17 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, American Healthcare REIT and Essential Prop Realty Tr are among the top 5 highly rated stocks within the group.
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