On Thursday, Avalonbay Communities got an upgrade to its Relative Strength (RS) Rating, from 66 to 71.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if Avalonbay Communities can continue to show renewed price strength and hit that benchmark.
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Avalonbay Communities is working on a flat base with a 239.29 entry. See if it can clear the breakout price in heavy volume.
The company reported 2% EPS growth in the latest quarterly report, while sales growth came in at -100%.
The company holds the No. 23 rank among its peers in the Finance-Property REITs industry group. Strawberry Fields REIT, Essex Property Trust and Welltower are among the top 5 highly rated stocks within the group.
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